Complaints about fee-charging debt management firms are some of the most upsetting cases I see, says Juliana Francis of the Financial Ombudsman Service. Poor debt advice can leave struggling people trying to make repayments that they cannot afford. And rather than helping them, bad advice can push people into a cycle of problem debt that…
Share Tweet Share Share Share Email Student loan debt its an issue in the halls of academia across America, in the halls of power on Wall Street and even on the presidential campaign trail. However, few people ever stray beyond the talking points of Debt bad; Degrees good! and, as a result (or lack thereof),…
Comments (0) When Courtney Smith found himself in a state of depression, debt and despair he turned to conventional self-help books to turn his life around. Nothing worked but then he had a dream. He dreamt how to use his experience with adversities to help others by putting pen to paper. The result was a book,…
Comments (0) A BURTON charity has issued a warning to those swamped by debt after several people ended up spending even more money by paying for debt management. Citizens Advice East Staffordshire (CA) said that it has seen an influx in the number of people going to it for help with debt. The group is now…
National Debt Relief recently shared in an article published February 26, 2016 some IRS red flags to help consumers avoid an audit. The article titled ” 7 Red Flags That Could Get You An IRS Audit” looks into some consumer behaviour that oftentimes prompt the IRS to conduct an audit which is quite a stressful…
OTTAWA — The Liberal government is planning to pile on more than $100 billion in public debt over the coming years as part of an ambitious strategy it hopes will revive economic growth over the long haul. However, the blueprint tabled Tuesday has no firm timetable on when the deficits will end — and the…
Two empty chairs at the U.S. Supreme Court could be full of significance as the remaining justices consider whether Puerto Rico can ease its fiscal crisis with a law that would let the islands public utilities restructure more than $20 billion in debt. The U.S. territory will make its case Tuesday to what probably will…
Paying off student loans isnt easy and can take years, but the Department of Education is trying to make it easier through streamlined repayment options. In a conference call Friday with U.S. student reporters, Education Secretary John King Jr. spoke about two ways the department is attempting to streamline the student loan repayment process: income-driven…
A Federal Judge ordered a student debt relief company to immediately cease providing debt relief services to borrowers. The Consumer Financial Protection Bureau, (CFPB) has accused the company of illegally charging upfront fees before providing any services to borrowers. Student Loan Processing, which also operates as Irvine Web Works, has 45 days to cease operations but must immediately…
GEORGE TOWN: A total of 9,529 Malaysians who sought assistance from the Credit Counselling and Debt Management Agency (AKPK) have settled their debts totalling RM396mil, said Deputy Finance Minister Datuk Chua Tee Yong. He said AKPK, a subsidiary of Bank Negara Malaysia, was set up in 2006 to assist people in financial management and more…