She started with $750 and hit a hot streak last summer that stretched over six days. She played round after round of online casino games until her winnings hit $500,000. The windfall would make up for every bad bet and pay off all she owed. Fischer, a 41-year-old mental-health professional and suburban homeowner with two…
DetailsInching closer to delivering on a Plan B for federal student loan borrowers after President Joe Biden’s sweeping debt cancellation plan was rejected by the Supreme Court last summer, the Department of Education has announced a broad proposal that would cancel loans for borrowers dealing with “financial hardship.” Through the new approach, which is a…
Details‘I have gone through it all’: North Carolina man won a $1-million lottery but lost it all in just 8 years. Hosts of ‘The Ramsey Show’ help him deal with a persistent gambling problem There have been many stories of lottery winners squandering their newfound fortune shortly after hitting the jackpot. Steven from Charlotte, North…
DetailsAlbert H. Teich / Shutterstock.com As of the last quarter of 2023, American credit card debt totals about $1.129 trillion. This mountain of debt is one that just keeps growing, trapping many under impossibly high interest rates that keep them in a never-ending cycle of debt. Read Next: This Is the One Type of Debt…
DetailsIf I have take-home pay of, say, $3,000 a month, how can I pay for housing, food, insurance, health care, debt repayment and fun without running out of money? Thats a lot to cover with a limited amount, and this is a zero-sum game. The answer is to make a budget. What is a budget?…
DetailsAfter celebrating its 50th anniversary more than two years ago, Sara Lee has brand new owners. Picture: Supplied. When Australia first learnt a well-known dessert manufacturer had slid into administration, worried Aussies thought the tradition of sharing a Sara Lee dessert with loved ones would be gone for good. But new owners, Brooke and Klark…
DetailsByVandana Ramnani Feb 18, 2024 09:55 AM IST Share Via Copy Link Earlier, homebuyers who had been allotted flats before the realty firm became insolvent, were left with no remedy except for being entitled to a refund In a relief to homebuyers who had been given possession of their homes but were left in a…
DetailsAurelius, the German restructuring specialist which bought The Body Shop last year and has now put it into administration, had previously broken up two other UK retailers. Staff at the ethical cosmetics group fear it will be next, with more than 2,200 jobs and 200 stores at risk. Aurelius, a specialist in distressed companies, has…
DetailsAmerican consumer debt including mortgages, car loans, credit cards and student loans reached $16.90 trillion in the fourth quarter of 2022, according to the New York Federal Reserve. This is an increase of 2.4 percent, or $394 billion, from the third quarter of 2022, prompting many Americans to explore other strategies to manage their growing…
DetailsThe Body Shop was founded in 1976 by Anita Roddick The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered administration, administrators said Tuesday, placing thousands of jobs at risk. The retailer has appointed experts from FRP Advisory to oversee administration — a UK…
Details