The new Debt Consolidation Plan (DCP) offers welcome relief to borrowers who find themselves in deep despair under a mountain of debt. Under the scheme, eligible borrowers can now reduce their debt burden and consolidate their outstanding balances across various banks, by nominating one participating financial institution to gather together all their debt. The scheme…
While the new Debt Consolidation Plan (DCP) is offered by 14 participating financial institutions, the Debt Management Programme (DMP) is another debt repayment scheme offered by Credit Counselling Singapore (CCS) since 2004. CCS is a registered charity and an agency that assists people with unsecured debt problems. Yet another avenue, the Debt Repayment Scheme (DRS),…
‘they just dont care’ Stephen Kinsella lost his security business and a job as a truck driver in 2008 when the recession hit A MAN who owed 500,000 in loans has said he understands how some people are pushed to suicide by the banks. Stephen Kinsella, 46, lost his security business and a job as…
U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd. to explore ways to bolster its balance sheet as it seeks relief from a $4.9 billion debt pile, people familiar with the matter said on Friday. Neiman Marcus is in no immediate risk of bankruptcy, the sources said. However, the move makes…
Chequebook kept in pocket: Transport Minister Shane Ross Picture: Arthur Carron An all-out indefinite strike at Bus Éireann that would have affected 110,000 passengers a day from Monday has been deferred after the company pledged that “funds will be available” for a voluntary severance scheme and it will negotiate with unions on a pay rise.…