Key takeaways While debt relief solutions may be helpful when organizing and paying down debt, they can easily result in credit or financial damage. The most common forms of debt relief are debt consolidation, debt settlement and bankruptcy. To decide which debt relief option is best, evaluate how itll impact your credit score and long-term…
DetailsBetting giant Tabcorp has been ordered to stop accepting cash at its machines in Victorian pubs and clubs unless they are properly supervised by staff after a teenager with gambling debts of nearly $100,000 placed bets at multiple venues. According to the states gaming regulator, the 16-year-old was able to gamble on more than 30…
DetailsBecause of high costs, some high school graduates have opted to delay, drop out of or forgo attending college altogether to avoid student debt that could hang over them for decades. When Alex, my elder child, who identifies as nonbinary, was ready to apply for college in 2022, I felt ill-equipped to help them navigate…
DetailsAlterna Capital Partners has joined the queue of lessors at India’s National Company Law Tribunal (NCLT) seeking to have SpiceJet (SG, Delhi International) declared insolvent. An Alterna special purpose vehicle (SPV) is attempting to enforce a March 2023 UK High Court judgement awarding it more than USD11 million. The matter of Alterna Aircraft V B…
DetailsDebt Consolidation Loan vs. Balance Transfer at a Glance This table provides a quick look at some of the key differences between debt consolidation loans and balance transfers, helping you choose the right strategy for your unique financial situation. What Are Debt Consolidation Loans? Debt consolidation loans are personal loans used to help people manage…
DetailsBirmingham City Council had to issue a section 114 notice in August 2023 facing a bill for equal pay claims of up to 760m. Photo by Shutterstock Councils across the country find themselves in a turbulent financial position. Since 2021 five local authorities have declared themselves effectively bankrupt, with a raft of councils warning they…
DetailsTaking steps to pay off your debt can have a big (and positive) impact on your overall financial health. Getty Images/iStockphoto Debt can be a significant burden on your financial well-being. After all, being in debt especially when it comes to high-interest credit card debt can have a big impact on various aspects of your…
DetailsDavid, 33, and Halima, 37, have nearly $520,000 in debt. But, “I actually feel like I’m rich,” David told self-made millionaire Ramit Sethi on his “I Will Teach You to be Rich” podcast in December. Their last names were not used. The couple earns a combined $192,528 a year and the mortgage on their New…
DetailsGaleria Karstadt Kaufhof is seeking a new owner, whose real estate group has made several insolvency filings. ADVERTISEMENT Germany’s last remaining major department store chain has filed for insolvency protection, its third filing in less than four years, after its owner ran into difficulties. Galeria Karstadt Kaufhof, which currently runs 92 stores and employs more…
DetailsMost Americans with card debt have not outlined a way to bring it down, a new report says. There are ways to get help. As 2024 dawns, Americans credit card debt and late payments are rising, and card interest rates remain high, but many people lack a plan to pay down their debt. If your…
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