People struggling with debt could be helped by a Bill progressing through parliament designed to reduce the term of bankruptcy to one year. Photographer: Sergio Dionisio/BloombergPicture: Bloomberg Debt-affected Pilbara property and business owners suffering in the wake of the end of the mining boom could be some of the biggest winners if new legislation is…
MOSCOW (Reuters) – Venezuela has not requested any help from Russia beyond a debt restructuring deal that has already been agreed between the two countries, Kremlin spokesman Dmitry Peskov told reporters on Wednesday. Russia and Venezuela are to sign an agreement on Wednesday restructuring around $3 billion in debts to Russia, a source familiar with…
Susan Walsh/AP For-profit college magnates Corinthian Colleges and ITT Technical Institute shuttered operations in recent years after facing state and federal investigations into fraudulent and predatory practices. After the school chains closed, tens of thousands of students who borrowed money to attend them found themselves with worthless diplomas and saddled in debt. The Department of Education under…
In his new position, Pack will be responsible for customer service, payment operations, settlement negotiations and underwriting. Based in FDR’s Tempe, Arizona, office, he will manage the company’s fast-growing operations. FDR recently became the first company in its industry to surpass the $7 billion mark in total consumer debt resolved, and continues to grow at…
MOSCOW (Reuters) – Venezuela has not requested any help from Russia beyond a debt restructuring deal that has already been agreed between the two countries, Kremlin spokesman Dmitry Peskov told reporters on Wednesday. Russia and Venezuela are to sign an agreement on Wednesday restructuring around $3 billion in debts to Russia, a source familiar with…
MOSCOW, Nov 15 (Reuters) – Venezuela has not requested any help from Russia beyond a debt restructuring deal that has already been agreed between the two countries, Kremlin spokesman Dmitry Peskov told reporters on Wednesday. Russia and Venezuela are to sign an agreement on Wednesday restructuring around $3 billion in debts to Russia, a source…
Senate Democrats are urging Education Secretary Betsy DeVos to process the debt relief claims of 87,000 federal student loan borrowers. (AP) Senate Democrats are urging Education Secretary Betsy DeVos to forgive the federal student loans of borrowers who were defrauded by their colleges, as the number of debt relief claims at the Education Department grows. The Washington Post reported…
Last week, the Consumer Financial Protection Bureau sued Freedom Debt Relief, the nations largest debt settlement services provider, claiming that the company repeatedly lied to its customers about the companys ability to negotiate debt settlements. According to the CFPB, Freedom Debt Relief collects fees from customers without settling their debts as promised, makes customers negotiate…
As of September, U.S. consumers owe $3.79 trillion in consumer debt. The average household with credit card debt owes nearly $17,000 on cards. In October, sources reported that credit card delinquencies increased for the third consecutive month, meaning that more people are unable to pay on time. “Many people struggle with debt, but they may…
Bailiffs were brought in by local authorities to collect debts more than two million times in a year, a charity has said. The report by the Money Advice Trust found that nearly six in 10 of the 2.14 million debts referred to enforcement agents in 2014/15 were for council tax, with more than 700,000 relating…
