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Daily Archives: October 4, 2018

Big Debt: Inside the industry profiting from desperation – SBS

BankruptcyBy Insolvency GuardianOctober 4, 2018

It was a very money-driven company, and the bonuses were very generous. –Jenny, a former debt agreement company employee. While the Banking Royal Commission has exposed a litany of unethical and fraudulent lending practices at financial institutions, the flipside of the coin is the debt help industry. These are companies that are profiting by offering…

Former NBA Star Lamar Odom Claims He Was Kidnapped at Gun Point by Bookies Over Debt – The Source

GamblingBy Insolvency GuardianOctober 4, 2018

Former NBA star (andKhlo Kardashians ex!)Lamar Odomwas reportedly kidnapped and held hostage after a night of gambling. A new report reveals the 38-year-old spent two days with his captors back in June while his girlfriend, Savanna Waldrop, and her daughter were threatened with a gun. Lamar has massive separation anxiety so he flew to meet…

Increasing number of people struggling with fuel bills, says debt help charity – AOL UK

Debt HelpBy Insolvency GuardianOctober 4, 2018

A debt help charity is seeing growing numbers of people falling behind with fuel bills and a resurgence in the proportion of clients with high-cost credit such as payday loans. StepChange Debt Charity said the proportion of clients in arrears with council tax is also stubbornly high. In the first half of 2018, 13.1% of…

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