As of 2023 Americans owe more than $1 trillion in credit card debt, but being proactive and completing four key steps can help consumers avoid credit card debt. Joining PennyWise this week is personal finance writer at WalletHub, Chip Lupo, to describe in detail how to accomplish the four steps. Read more on WalletHub here!…
DetailsEducation Minister Jason Clare has set a debt trap for struggling university students after dramatically weakening his support for students scheme which fails to deliver the safeguards he promised, Shadow Minister for Education Sarah Henderson has warned. The support for students scheme, adopted under the cover of darkness the week before Christmas, is now so…
DetailsThis article was co-authored with Queenie Mok. In our earlier Legal Update, we outlined the findings of the Parliamentary Joint Committee on Corporations and Financial Services Final Report on Corporate Insolvency in Australia. Recommendation 3 of the Report was a comprehensive review to consider and make recommendations on the options to enhance public interest…
DetailsThis article was co-authored with Queenie Mok. In our earlier Legal Update, we outlined the findings of the Parliamentary Joint Committee on Corporations and Financial Services Final Report on Corporate Insolvency in Australia. Recommendation 3 of the Report was a comprehensive review to consider and make recommendations on the options to enhance public interest…
DetailsMeasurable: How much do you want to pay down, or save? For example, you may decide to repay half of your remaining student loans or save $85 a month for emergencies. Did you know that by saving $85 a month, you would have a little over $1,000 saved in one year? BDO Debt Solutions Fresh…
DetailsSusan Edmunds/STUFF Get rid of debt No one likes to go into the new year with last years unpleasantness hanging around. But there are ways to shake off short-term, consumer debt so that last years decisions dont become 2024 headaches. Here are a few tips to get you started. Get a clear picture of the…
DetailsMore big firms are likely to go bust next year amid the double whammy of high borrowing costs and pressure on consumer budgets, according to insolvency experts. Administrators and restructuring specialists also warned the PA news agency that high-growth companies such as tech firms could be among those facing financial turbulence. It comes after another…
DetailsAny amount deferred through HELP becomes part of an accumulated HELP debt, which you will be required to repay through the tax system once you meet a certain salary threshold. For more information on the repayment of HELP loans, visit the Government’s Study Assist website. The types of loans available include: HECS-HELP: allows eligible Commonwealth…
DetailsThe gifting is done. Some were successful, others less so the wrong color, size, redundant, too impulsive, not suitable for re-gifting. US consumers return about 20% of all online purchases and the post-holiday period is when the massive, but often unseen, returns logistics industry the reverse supply chain goes into overdrive. According to the National…
DetailsMember Article North East Finance Expert Issues Presciption For Avoiding A New Year Debt Hangover A North East finance expert has drawn up a ten-point action plan to help people across the region with money worries avoid a painful New Year debt hangover. Chris Ferguson, North East chair of insolvency and restructuring trade body R3,…
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