The effects of the past In 1994, the new democratic government of South Africa inherited an unsustainable budget deficit, rampant inflation (18.9% in 1991), depressed investor confidence, a mountain of debt and a currency crisis from the apartheid state. The previous regime had racked up debt to cope with the sanctions placed upon the country…
NEW YORK — Two more men were charged Thursday in the sports betting scandal that prompted the NBA to ban former Toronto Raptors player Jontay Porter for life. Timothy McCormack and Mahmud Mollah now join two other men — Long Phi Pham and a fourth whose name remains redacted in a court complaint — as…
Why you won’t see a HECS-HELP credit in your tax return Money magazine Read the original article here
Victoria’s Supreme Court of Appeal has wiped a punter’s $150,000 debt after ruling paperwork failures rendered the bets invalid. Bookmaker David McLauchlan took action against punter Allen Ng after the punter incurred hefty losses between February and April 2020. The County Court ruled in McLauchlan’s favour in 2022, ordering Ng to pay the debt and…
A debt consolidation loan for bad credit may not be the best choice for everyone. If your credit prevents you from qualifying for a lower interest rate than you’re paying now, you may want to consider the following alternatives to debt consolidation. 1. Improve Your Credit First Good credit comes with many perks, including the…
A parcel of loans to troubled casino operator Star Entertainment have been pitched to investors by a fixed-income broker in a sign some of Star’s lenders may be considering offloading their positions, amid a gruelling second Bell inquiry and further turnover of talent. Star Entertainment raised $300 million of four-year senior secured debt in November…
These debt relief companies are worth considering if you’re overwhelmed with paying off what you owe. Getty Images/iStockphoto While the current inflation rate is lower than it was in April of last year, it’s not back to normal quite yet. At a rate of 3% in June, the inflation rate has continued its downward trend…
BBC Chris Spindler first started placing 20p bets aged 12 and over the next 11 years, became £25,000 in debt A man whose gambling addiction put him £25,000 in debt, aged 23, said it “truly felt like my brain was rewired”. Chris Spindler, from Cheddar, Somerset, said he was 12 when he and a school…
If you’re behind on your auto loan payments, you face problems like damage to your credit and vehicle repossession. However, auto debt relief is possible through refinancing, lender hardship programs, and credit counseling, among other options. Key Takeaways The average MSRP (not loan amount) for new cars was $41,837 in Q1 2024, and used cars…
An interpreter for Los Angeles Dodgers star Shohei Ohtani has agreed to plead guilty to criminal charges after secretly transferring about $17 million from the player’s account to pay off gambling debt. Ippei Mizuhara incurred the debt through an illegal bookmaking operation, which Ohtani had no knowledge of, the US Justice Department said Wednesday. Mizuhara…