What Is a Debt Management Plan?

If you’re having trouble paying your credit card bills every month, a debt management plan from a nonprofit credit counseling agency might be the help you need. A debt management plan has less effect on your credit score than other debt payoff options, like debt settlement or bankruptcy, and can help you pay down credit…

New app launches to tackle festive debt in London

While the festive season is a time of joy and celebration for many, it often brings financial strain for families already grappling with the cost-of-living crisis. In December, household spending typically rises by an average of £713 – an eye-watering 29% increase compared to other months. This seasonal surge can lead to significant stress, underscoring…

Thai Government Approves Measures to Reduce Household Debt – The Diplomat

Thailand’s cabinet has approved a range of debt relief measures aimed at reducing the nation’s alarmingly high levels of household debt, the country’s Prime Minister Paetongtarn Shinawatra announced yesterday. Speaking to reporters, the Thai leader said that the measures, which will include interest suspensions and reduced principal payments, aim to support retail borrowers and smaller…