The American Dream of college education has turned into a nightmare for many saddled with student debt, but momentum is building in Congress for a solution that could benefit workers and employers alike. Rep. Rodney Davis (R-Ill.) is pushing one of two bills that advocate for a small change in federal tax law to help avert billions of dollars…
State Rep. Kurt Daudt (R-Crown) The Minnesota lobbyist who helped House Speaker Kurt Daudt in lawsuits over credit card debt was hired and paid by the Republican lawmaker, a spokeswoman told the Business Journal. The lobbyist, R. Reid LeBeau II, is helping Daudt fight a debt lawsuit brought by U.S. Bancorp’s U.S. Bank subsidiary over…
By Ruth Lythe for Money Mail Published: 11:01 EST, 9 March 2016 | Updated: 20:17 EST, 9 March 2016 More than 200,000 credit-card borrowers turned to a charity for help last year because they were unable to repay their debts. Stepchange says the number of families contacting it over out-of-control credit card balances has soared…
Over the years, the Rev. Carl Walker has seen some of his Morning Star Missionary Baptist Church congregants slide deeper into poverty. This month, he has swapped out one of the congregations weekly Bible studies for a self-help session on finance and legal aid. Id love to see the church become more useful to help…
MIAMI LAKES, Fla.–(BUSINESS WIRE)–Christina Fiallo, one of the top bankruptcy attorneys in Miami, officially launched her website on Tuesday, March 1, 2016. Fiallos firm has only been open for a little more than 1 year, but has already assisted more than 250 people with Chapter 7 and Chapter 13 bankruptcy help, as well as other…
National Debt Relief recently shared in an article published February 15, 2016 how getting enough sleep has a direct hand in helping consumers manage their finances better. The article titled “Want To Improve Your Finances? You Have To Sleep More” looks into some of the benefits of getting enough sleep and how it translates to…
PacSun, the Anaheim-based surfwear brand, has hired financial advisers to help with its $160 million debt, payable at the end of the year, according to The Wall Street Journal. The troubled brand is working with Washington, D.C.-based restructuring firm FTI Consulting Inc. and New York-based investment bank Guggenheim Securities. In 2011, PacSun received a $100…
Mental health and debt problems: ‘A marriage made in hell’ Hugh Pym Health editor 4 March 2016 From the section Health Much has been written about the easy availability of debt at a time of record low interest rates. The latest data showed that consumer credit was growing at the fastest pace in a decade.…
Employers are increasingly looking to lure talented college graduates burdened by student loans with offers of help to repay their debt. But is the new perk really a benefit or simply employers giving lip service to the woes of 20-somethings? It appears that in many cases, having the boss help pay off student loans can…
Among the most interesting tidbits to emerge from Kanye West’s recent series of social media meltdowns is the fact that the rapper is somehow $53 million in debt. It seems that Kanye spent most of the money investing in his Yeezy fashion line, and if you think that sounds like a lot of cash…