When President Barack Obama signed legislation in 2010 to create the Consumer Financial Protection Bureau, he said the new agency had one priority: looking out for people, not big banks, not lenders, not investment houses. Since then, the CFPB has done its share of policing mortgage brokers, student loan companies, and banks. But as the…
Borrowers with high medical debt, childcare costs and other financial burdens qualify for relief. (iStock) The Biden-Harris administration recently released another proposal to help borrowers handle high-cost student loans. This round of student debt relief is designed to help students facing serious financial hardship. The proposal would provide automatic relief to borrowers deemed likely to…
Key takeaways The avalanche method is a debt repayment strategy focusing on paying off the account with the highest APR first, moving down from there. The debt avalanche method can take longer than other repayment strategies, but you could save more on interest in the long run. The snowball method, balance transfer cards, debt consolidation…
Credit card debt forgiveness may give you an alternative to bankruptcy. Getty Images The inflationary economic environment has weighed heavily on many Americans over the past couple of years. In fact, inflation become so problematic following the COVID-19 pandemic that the Federal Reserve decided to increase interest rates several times – a move that made…
You don’t have to clean your finances up on your own a debt relief service could help. Stephen Swintek/Getty Images Spring is just around the corner, and soon, many people will open their windows, turn on some music and clean areas of their homes they may not have looked at over the last few months.…
Polestar has raised $950 million in debt financing as the struggling luxury EV maker seeks funding outside of its parent Geely to roll out key new models. The three-year loan facility from a syndicate of 12 banks will help bridge Polestars path to breaking even on cash flow, the company said Bloomberg Terminal Wednesday, a…
Credit card debt can be overwhelming but with a forgiveness program you may be able to put it behind you faster than you think. Olga Yastremska, New Africa, Africa Studio / Getty Images Credit card debt forgiveness has been a hot topic as of late. With the federal funds rate target frozen at a 23-year…
In short: the government has received recommendations from a major review of the university sector. Proposed changes include additional financial support for low-income students, and a new method for calculating HECS repayments. What’s next? Education Minister Jason Clare said the government would respond to the recommendations “in the next couple of months”. University students could get cost…
But now the growing cost of student debt is crippling many workers, and a new report says somethings got to give. For Alana Fraser, logging onto My Gov to check her student debt, is a terrifying experience. Shes one of 3 million Aussies whose student loans shot up by more than seven per cent last…
A state-owned firm in Chinas Guizhou province is selling bonds to help repay debt issued by a local government financing vehicle, a rare move that highlights the regions liquidity strains. Guizhou Hongyingda Construction Project Management Co., a wholly-owned subsidiary of the finance bureau of Xixiu district in Anshun city, issued a 1.8 billion yuan ($250…