For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails When someone is drowning in debt, the promise of a quick fix may appear very attractive. According to recent Bank of England figures, net consumer credit borrowing increased…
JERSEY CITY, N.J. U.S. Senator Bob Menendez (D-N.J.) today issued the following statement on the Biden Administrations ongoing student debt relief efforts: Earlier this month, President Biden announced student debt discharges would begin for 804,000 borrowers, including 17,290 in New Jersey, who qualify for $39 billion in student debt relief because of fixes the Administration…
Ahead of major meetings of world leaders in September, such as the Africa Climate Summit, the G20 New Delhi Summit and the 78th session of the U.N. General Assembly, Catholic bishops and faith leaders in Africa are calling for debt relief for the continent to give Africa a “life line” to escape the multiple crises…
A record number of people in the UK are heading into the winter with energy debts as they borrow to pay bills, Citizens Advice has said, as it urged the government to step in with fresh support for gas and electricity bills. The charity says 2023 has been its busiest year, with the number of…
Person cooking on a gas hob Thousands more people will start the winter behind on their energy bills with some borrowing to pay them, Citizens Advice has warned. A total of 46,431 people with energy debts contacted the charity for advice in the first six months of 2023, a 17% increase on the same period…
Getty Images By Kevin Peachey Cost of living correspondent Thousands more people will start the winter behind on their energy bills with some borrowing to pay them, Citizens Advice has warned. A total of 46,431 people with energy debts contacted the charity for advice in the first six months of 2023, a 17% increase on…
Did you get an email from the Australian Tax Office (ATO) about your HECS-HELP debt repayment rate changing? The 2023-24 financial year threshold has been raised, which means some who made compulsory payments in 2022-23 won’t have to this year. Last financial year, people earning more than $48,361 had to make compulsory payments. But, as of…
Getty Images/iStockphoto After a year of falling prices, inflation ticked up 3.2% in July. Meanwhile, core inflation, which excludes volatile food and energy costs, surged by 4.7% compared to the previous year. As a result, many Americans are finding it harder to meet their monthly expenses. However, the news isn’t all bad, as worker wages…
See President Bidens Video Announcing the Plan HERE: Today Im proud to announce a new program called the SAVE Plan. Its the most affordable student loan plan ever. Borrowers can sign up by visiting StudentAid.gov/SAVE The Biden-Harris Administration believes that education beyond high school should unlock doors to opportunity, not leave borrowers stranded with debt they cannot…
Parents looking to aid their children financially are sticking with helping them with a home deposit rather than with student debt, regardless of predictions the rate of annual indexation could be high for years. Student debt, though indexed in line with inflation, was not much noticed when inflation was low, as it was generally considered…