What’s The Difference Between Debt Consolidation And Debt Settlement? – Forbes

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate If youre having trouble managing your debt, you may be considering debt consolidation or debt settlement. Debt consolidation…

Montenegro Getting European Help To Refinance Its Massive China Debt – Radio Free Europe / Radio Liberty

PODGORICA — A European financial institution is prepared to help refinance Montenegro’s $1 billion debt to China, which the Balkan country incurred over a controversial highway project. Montenegrin Finance Minister Milojko Spajic said the low-interest credit from the financial institution will allow the cash-strapped government make savings and cut interest rates. He also told a…

HMRC to go easy on struggling UK companies to help with Covid debt – Financial Times

UK companies struggling with coronavirus-related debts have been thrown a lifeline by the government which will not pursue them for unpaid taxes in order to avoid a wave of insolvencies this summer. Restructuring experts have warned that many companies will struggle to stay afloatfrom next month when emergency Covid-19 business support measures begin to be…

IMF Managing Director Kristalina Georgieva Announces Financing Milestone on Debt Relief for Sudan – Mirage News

Washington, DC: IMF Managing Director Kristalina Georgieva today announced that the International Monetary Fund has secured sufficient financing pledges to allow the Fund to provide comprehensive debt relief to Sudan. 101 IMF member countries have pledged to provide more than SDR 992 million (US$1,415.7 million) in financing. This will enable the clearance of Sudans arrears…

Borrowers using second charges for purposes beyond debt consolidation – Financial Reporter

“The number of prime customers purely using them for that purpose has dropped from 59% to 43%, while home improvement usage has increased.” More second charge borrowers are using the proceeds from their loans for other purposes beyond debt consolidation, according to the latest data from Evolution Money. Evolution’s quarterly data tracker analyses data from…

UN chief urges debt relief extension for Caribbean middle-income countries – Jamaica Gleaner

UNITED NATIONS, CMC United Nations Secretary-General Antnio Guterres has called for debt relief extension forCaribbean and other middle-income countries. Guterres says that innovative measures to address debt are required to help the world’s more than 100 middle-income countries expand their economies and exit the COVID-19 pandemic. In addressing a high-level UN General Assembly meeting on…