Sky-high inflation, turbulent markets and ballooning interest rates have made life tough for consumers. To wit: Half of Americans reported that they are financially worse off now compared to last year, according to a recent Gallup poll. Debtholders, thanks to higher borrowing costs, have had it particularly rough. If your red ink has become overwhelming,…
Thursday, 20 April 2023, 10:55 amPress Release: Hugh Grant If youre considering getting help from a debt relief company its important to do your due diligence and make sure you choose one that is reputable and trustworthy. There are a few key factors to look for when selecting the right debt relief company, from their…
If youre struggling to manage your credit cards, youre not alone. Credit card debt hit an all-time high in late 2022, with the average credit card user owing $5,805. If credit card debt were easy to pay off, it wouldnt be so prevalent. After all, no one wants to lose their hard-earned money to interest…
WASHINGTON China, under growing pressure from top international policymakers, appeared to indicate this week that it is ready to make concessions that would unlock a global effort to restructure hundreds of billions of dollars of debt owed by poor countries. China has lent more than $500 billion to developing countries through its lending program, making…
The architect of the HECS-HELP system says misinformation is creating anxiety in the community about the effect of inflation on student debt. Key points: Abolishing indexation on HECS-HELP debts would not put more money in the pockets of people with student debt Removing indexation altogether would mean all taxpayers bore the cost of inflation Making…
The Economic and Social Council opened the second day of its annual Financing for Development Forum with a high-level meeting of top global finance officials intent on working collaboratively to help debt-burdened developing countries overcome poverty, climate risks and other challenges to their sustainable development. Lachezara Stoeva (Bulgaria), Council President, said the high-level meeting creates…
If you have debts amounting to 30,000+ and cant afford to repay, a debt relief order (DRO) can help you get a fresh start. But what is a debt relief order? Understanding what is a debt relief order can help you determine whether its a suitable debt solution for you. A DRO can impact different…
In 2018, arts worker Sarah began paying off her student loan debt of $31,330. She didnt think too much about it until this year, when she logged on to her MyGov account to check the balance and saw it had only gone down to $30,630.59. Despite having paid $5,721 from her salary over the past…
Disclaimer: This is sponsored content. All opinions and views are of the advertiser and do not reflect the same of WFTS. Advertiser: Paradise Media. Debt consolidation loans are a great way to help people with bad credit get back on track. By consolidating all of your debts into one loan, you can make things much…
If one country defaults on its loans, its a big problem for its citizens. If a dozen countries default, its a big problem for the world. In the 1980s, defaults in Latin America led to hyperinflation, riots and political instability in Argentina, Brazil and Peru. The world appears to be on the verge of yet…