Turkey to revive post-2001 crisis debt plan to help troubled firms – reports – Ahval

Turkeys parliament will consider a measure allowing companies to restructure or reduce large swathes of debt with banks, local media reported on Tuesday. The scheme will resemble the Istanbul Approach, the pro-government Sabah newspaper said. The three-year plan was introduced after Turkeys financial crisis in 2001 and helped thousands of large and small-scale enterprises avoid…

Warren and Sanders say cancelling student debt could help close the racial wealth gap for families. This startling graph shows they might be right. – Business Insider Australia

Bernie Sanders and Elizabeth Warren have both said eliminating student debt would help black families attain more wealth. Currently, black college grads from four-year schools take on $US7,400 more in loans than their white peers. A 2018 analysis by the Roosevelt Institute found that white families have 12 times the amount of wealth as black…

Credit Counseling May Help Reduce Consumer Debt – Eurasia Review

By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counselingwhich reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring servicescan be an effective strategy for addressing consumer…

3 types of debt you can consolidate and how to make consolidation work for you – Bankrate.com

Yuricazac/ Shutterstock Debt consolidation is the process of combining multiple debts into one. Typically, when you employ this strategy you take out a new lower-interest loan and use it to pay off the balances on multiple high-interest accounts. Consolidating pricey debt into one, easy-to-manage account and payment can make sense for a lot of reasons.…

Executing debt relief for approximately 500000 Kazakhstan citizens to cost $274 million over two months, say ministers – Astana Times

NUR-SULTAN Approximately 105 billion tenge (US$274.32 million) will be required to execute President Kassym-Jomart Tokayevs decree to provide debt relief to some of the countrys most vulnerable groups, said First Deputy Prime Minister and Minister of Finance Alikhan Smailov at a recent press conference. Gulshara Abdykalikova. Photo credit: kazpravda.kz. Of that figure, approximately 88 billion…