An entrepreneur takes many risks simply by making the choice to start a business. You likely did all of your homework and have an excellent business model youre using. You likely secured financing through credit cards or a small business loan, both of which seemed sensible considering your anticipated revenue. If business isnt going quite…
PRESIDENT Emmerson Mnangagwa has embarked on a diplomatic initiative with Britain and other creditors as the country seeks debt rescheduling and cancellation to improve its risk profile and credit rating. By Bernard Mpofu/Melody Chikono This development could signal a shift in the countrys debt strategy. The government has in the past rejected any debt cancellation…
Nearly everyone who borrows money wants to repay it, but Joannes story demonstrates why it is so important that banks lend responsibly she was provided credit that she could not afford to pay back, leading to substantial harm. Lenders tend to market credit as a way to improve peoples financial situation (get on top of…
IOWA CITY As Iowa lawmakers keep cutting funding for higher education and university administrators keep looking for ways to do more with less help from the Capitol, University of Iowa student leaders are taking it upon themselves to help peers pay off lingering debts that prevent them from graduating. UI Student Government has been collaborating…
House Speaker Paul D. Ryan (R-Wis.) on Thursday headed to vote on the federal budget at the U.S. Capitol. (Shawn Thew/EPA-EFE/REX/Shutterstock) Teachers, social workers and other public servants at risk of missing out on federal student loan forgiveness because they enrolled in the wrong repayment plan now have a shot at debt relief under the spending bill signed…
Teachers, social workers and other public servants at risk of missing out on federal student loan forgiveness because they enrolled in the wrong repayment plan now have a shot at debt relief under the spending bill signed into law Friday. The sweeping $1.3 trillion bill includes a measure that temporarily expands Public Service Loan Forgiveness,…
FORT LAUDERDALE, Fla., March 22, 2018 /PRNewswire/ — The beginning of each year is usually a busy time for consumer credit counselors as people look to pay off holiday debt and achieve New Year’s resolutions, but this year has been especially busy for the counseling team at Consolidated Credit. Consumers are looking for solutions to record-high…
“I said ‘no’… I explained that Im a gambler, I have a gambling problem, they can clearly see [that] because of the transactions Ive been making,” Mr Harris said. “I dont understand why they keep offering me more money.” Yet a letter offering a credit increase arrived just 11 days later, the commission heard. Mr…
Tax Office staff are having their performance measured against the amount of money paid back by taxpayers in debt to the government, in a move that has drawn fire from a union for its public servants. The Australian Services Union representing tax officials has lashed the benchmark as “unfair and unreasonable” to staff making payment plans with…
Data from Key Retirement, which specialises in finance for the over-55s, found 14% of people aged 65 plus were relying on credit cards to boost their income. Meanwhile, 26% of over-70s were juggling three or more credit cards, and one in ten had a balance they had not cleared for more than a year. The…
