Category Archives: Debt Help

Labor’s wiping of 20% of Hecs debt barely moves the needle. Australia’s students need to be freed from their crushing debt | Harrison Brennan

I remember Jason Clare defending the 7.1% indexation to Hecs debts in 2023 because a tertiary degree “makes you money”. I also recall the education minister’s praise of Australia’s student loan system at question time in February, lauding it for blowing “open the doors of university for more young Australians”, including those from disadvantaged backgrounds.…

Kamala Harris Pushes New Federal Rule to Help Americans Hit Hard by Medical Debt | News

Vice President Kamala Harris is turning her long-standing passion for consumer protection into policy. On Tuesday, Harris announced a new federal rule that will block credit agencies from including medical debt on credit reports—a move she said will “be life-changing for millions of families.” The rule marks a major step in President Joe Biden’s administration’s…

Ways to tackle credit card debt

(InvestigateTV) — Bankrate found the average credit card interest rate today is 20.27%, making it very expensive to carry credit card debt. Sara Rathner with NerdWallet said those carrying a lot of credit card debt may want to consider debt consolidation. She said those with good credit could qualify for a balance transfer card. This…

How removing unpaid medical bills from credit reports could help consumers

NEW YORK (AP) — Lenders will no longer be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans, according to a rule the Consumer Financial Protection Bureau finalized Tuesday. Removing medical debts from consumer credit reports is expected…

Lewis County to see $2M in debt disappear

LOWVILLE, New York (WWNY) – Lewis County is about to have millions of dollars of debt disappear. It comes as the county and Lewis County Health come to an agreement after the hospital loaned the county money in 2018. The county and its hospital share a unique relationship – one of only two of its…

Wakulla alumnus sells tags to help students with unpaid school lunch debt

One Wakulla High School Alumus is selling tags to pay for remaining student lunch balances at Wakulla High School Proceeds from tag sales are helping pay off $6,000 in unpaid lunch debt at Wakulla High School. Watch the video to see why he’s doing it and how the community has responded BROADCAST TRANSCRIPT: After hearing…

University graduates to save $5,500, on average, in Albanese plan to wipe 20% of student debt | Australia news

All Australians will have their student debt cut by 20% next financial year, as part of a major federal government overhaul designed to boost access to education and address “intergenerational unfairness”. The change, which will be outlined by the prime minister at a campaign rally in Adelaide on Sunday, will wipe about $16bn worth of…

Medical debt banned from credit reports by new Biden administration rule

Unpaid medical bills will no longer appear on credit reports, where they can block people from getting mortgages, car loans or small business loans, according to a final rule announced Tuesday by the Biden administration. The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than…