Category Archives: Debt Help

Abacus Finance Group Provides Senior Debt Financing to Support Achieve Partners’ Investment in Celito Tech

Abacus Finance Group, a provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies, served as senior secured credit facilities administrative agent and sole lender in senior debt financing to support Achieve Partners investment in Celilo Tech. Celito Tech provides tech-enabled solutions delivered through proprietary platforms, accelerators, and standardized delivery models designed specifically…

China wants ‘malicious’ bondholders curbed in poor-nation relief

(June 25): China called for global measures to curb what it described as “malicious litigation” by bondholders in debt relief cases, saying such action is needed to protect a Group of 20 (G20) restructuring mechanism for poor countries struggling to repay their loans. The statement by People’s Bank of China deputy governor Xuan Changneng, who…

South Africans ‘sacrificing essentials to keep betting’

The research, conducted in May, surveyed 1,028 South Africans who had gambled online within the previous 30 days. It also analysed 2,569 voice notes collected through the company’s WhatsApp-based research platform. In the South African Gambling Impact Study conducted by Yazi, a South African-founded artificial intelligence-powered consumer research platform, the study found nearly three-quarters of…

Mexican Lender Banorte Raises $1.35 Billion Debt

Mexican financial institution Banorte (GFNORTEO.MX) has successfully secured $1.35 billion in international markets through the sale of hybrid debt. This substantial deal underscores a robust investor appetite for higher-yielding bank paper emanating from Latin America. Banorte, a prominent Mexican lender, provides a comprehensive suite of financial services to individuals and businesses across its home country,…

Improving foreign debt management – Dhaka Tribune

Improving foreign debt management  Dhaka Tribune Read the original article here

New Start Fund Lowers Minimum Debt Relief Rate to 30% – 조선일보

New Start Fund Lowers Minimum Debt Relief Rate to 30%  조선일보 Read the original article here

With Millions Expected to Lose Coverage, States Look for New Ways to Prevent Medical Debt

Economist Neale Mahoney explains the research into strategies for relief from high healthcare costs and evaluates policy fixes to protect consumers. There are a lot of eye-popping statistics that capture the burden high health care costs put on so many Americans. Nearly three in 10 adults say they have problems paying medical bills. More than…

The financial mistakes people make before seeking debt help

Debt problems rarely appear overnight. They tend to develop gradually through a series of well-intentioned decisions made while trying to stay afloat: a credit card is used to cover an unexpected expense; a savings account is tapped to make a payment; a tax refund is expected to solve the problem next month. Each decision can…

Miranda Kerr And Evan Spiegel Just Wiped Out $550 Million In Medical Debt For More Than 260,000 Californians

On Thursday, Kerr and Spiegel announced they’re partnering with the nonprofit Undue Medical Debt to erase more than $550 million in unpaid medical bills, providing relief to an estimated 261,000 people across California. Families don’t have to apply, fill out paperwork, or prove financial hardship after the fact. If they qualify, they’ll receive a letter…

African Development Bank Group backs Zambia's Global Landmark Debt-for-Development swap – African Development Bank Group

African Development Bank Group backs Zambia’s Global Landmark Debt-for-Development swap  African Development Bank Group Read the original article here