As President Joe Biden kicks off his 2024 reelection, he says he wants to “act as quickly as possible to give more borrowers breathing room” on their student debt. | Evan Vucci/AP President Joe Biden is adding a new tool to his arsenal for canceling student debt in the coming months as his 2024 reelection…
DetailsThe Biden Administration is rolling out another pathway to debt relief for certain student loan borrowers next month. The program targets people who took out smaller loan balances initially and have been paying their loans down for over a decade, unable to get out from under the debt. It’s a component of the SAVE Plan,…
DetailsRyan Falkenberg, co-CEO, CLEVVA. There is no escaping the fact that South Africa has a severe and deep-seated debt problem. The average household spent nearly 62% of its income on servicing debt in 2022. While thats slightly down from the 66.1% they spent in 2021, there are other indicators that consumer debt troubles are getting…
DetailsKatie is now fighting to retain her 2 million Sussex home, famously known as the ‘Mucky Mansion’ Katie Price has successfully avoided her sixth bankruptcy court hearing related to her 3.2 million debt repayment. The 42-year-old former glamour model was originally scheduled to appear at an insolvency court in London next month, but the case…
DetailsConsultant at national law firm Roythornes Solicitors, Derryn Rolfe, explains how construction clients can prepare for all eventualities as insolvency remains rife across the industry Construction company failures in September 2023 were 40% higher than in September 2022; administrations were 54% up this year on the same period last year, and the industry press has…
DetailsIf you’re struggling to get a handle on debt, a financial advisor may be able to help you prioritize your payments and establish a budget. They can also provide other services, such as investment advice, income tax preparation, and estate planning. Here is what you need to know about hiring and working with a financial advisor. Key…
DetailsThere are ways to get out of $20,000 in credit card debt including debt relief programs and budget adjustments. Getty Images Credit card debt can be easy to get into but it’s often difficult to get out of. Building up credit card debt can be as simple as spending more than you can easily pay…
DetailsThe consequences of bankruptcy can be devastating, as the Post Office scandal has laid bare. As dramatised in the ITV hit Mr Bates vs the Post Office, several former Post Office workers were forced to go bankrupt after they struggled to cover the fictional financial losses out of their own pocket or fight in court…
DetailsCroydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. This article was originally published on 19 December. It has been republished following the news that Middlesbrough council needs emergency financial help to avoid bankruptcy. Today Nottingham City Council declared bankruptcy, becoming the latest local authority to issue…
DetailsNEW YORK (WABC) — For many people, the top of their New Year’s resolution list is “save more money.” A lot of us want to get physically fit and financially fit. You can start by tackling that crippling credit card debt. But, sky-high interest rates can make it impossible to chip away at those balances.…
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