WE heard a lot this week about financial pressures and difficult decisions during the Scottish Budget. Let’s be clear though, those experiencing the toughest financial pressures and most difficult decisions every day are people like those the Citizens Advice network supports across Scotland. With Christmas just a few weeks away, some people might be thinking…
In Switzerland, nearly half a million people are struggling with debt. This week, parliament discussed new measures that may offer relief to those unable to dig themselves out of insolvency, reported RTS. Photo by Mikhail Nilov on Pexels.com In Switzerland, personal bankruptcy does not extinguish your debts in the same way as it does across…
From Old-Donor Debt Relief to Emerging Lenders in Africa OECD Read the original article here
President Joe Biden made student loan forgiveness a central issue to his administration, rolling out efforts to forgive debt as well as to lower repayments for millions of borrowers. But with President-elect Donald Trump returning to the White House in January, the future of those efforts is now in question. During the presidential debate with…
Sri Lanka: Technical Assistance Report-Debt Management Reform Plan International Monetary Fund Read the original article here
The Ombudsman has issued a guide to help Australian small businesses navigate the challenges of paying or collecting a debt. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has revealed a new guide for small businesses has been developed to help them overcome the challenges of paying or collecting debt. Ombudsman Bruce Billson said…
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Mark Humphrey / AP / Shutterstock.com While financial experts often disagree on debt management strategies, two certified financial planners (CFPs) weigh in on why many of Dave Ramsey’s core principles for debt elimination have merit – with some important caveats. Find Out: If You’re Thinking About Getting a CD, Suze Orman Says You Should Do…
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The World Bank’s top economist called on private lenders to shoulder some of the cost of debt forgiveness for the poorest countries, as record high repayments drain budgets that should be focused on health, education and infrastructure. Interest payments alone by the lowest-income nations ballooned to a record $34.6 billion in 2023, quadrupling over the…