Debt to water and energy companies reached more than £7 billion, while customers are missing out on support to help them manage debt, such as repayment plans and social tariffs A third of customers did not find it easy to get in touch with their broadband providers when things go wrong The NAO says regulators…
South African consumers are facing significant financial pressure amid a perfect storm of rising interest rates and inflation, driven by higher fuel, municipal tariffs, electricity, and insurance costs. In late May, the Monetary Policy Committee (MPC) increased the repo rate by 25 basis points to 7% after three years of rate cuts. Consequently, commercial banks’…
Connecticut is erasing $315 million in medical debt for more than 97,000 residents in the fourth round of a state-backed debt relief initiative, with notifications beginning the week of June 1, 2026. The announcement marks a major expansion of the program that has already canceled over $513 million in debt for 252,000 residents since its…
Lexington fudge shop owner raises $40K to help with local school meal debt Lexington Herald Leader Read the original article here
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New research from the National Audit Office (NAO) has revealed that millions are missing out on vital support with energy and water bills. This comes as over £7 billion worth of debt is owed to energy and water companies. The report examined how Ofcom, Ofwat and Ofgem support consumers in vulnerable circumstances and whether people…
SoFi CEO Anthony Noto Says Personal Loans Can Help Americans Escape Credit Card Debt ‘Crisis’ Stocktwits Read the original article here
As Americans grapple with record levels of credit card debt, SoFi Technologies (SOFI) CEO Anthony Noto is touting personal loans as a clearer path out of debt than high-interest revolving credit cards. In a post on X, Noto said that even as credit cards keep people in debt “because the math is stacked against them,”…
End the Global Debt Trap: Freedom from Debt Now, says AHF Business Wire Read the original article here
Millions unaware of available support with household bills as debt soars, NAO finds Water Magazine Read the original article here