Mandatory farm debt mediation program initiates 33 cases – Queensland Country Life

QUEENSLAND’s new mandatory farm debt mediation program has seen 33 cases initiated in the first six months of the programs operation. The cases represent a broad cross section of farming industries and 18 local government areas. Administered by the Queensland Rural and Industry Development Authority (QRIDA), the program aims to protect the interests of both…

Education Department’s mishandling of student debt relief claims creating headaches for applicants – Tribune-Review

Updated 1 hour ago Chad Godfroy has saved every email from the U.S. Department of Education since submitting an application to have his federal student loans cancelled in 2015. Despite the continued wait, Godfroy, 38, took comfort in knowing his payments would be postponed as long as his claim was under consideration. He was elated…

Queenslanders desperate for help in not being able to pay for phone bills – Brisbane Times

Desperate Queenslanders are reaching out for help after struggling to pay mounting phone and internet bills. More than 137 lawyers, social workers, financial counsellors, NGO workers and professionals were surveyed as part of a report to be released by the Telecommunications Industry Ombudsman and Community Legal Centres Queensland on Friday. Almost half of Queensland’s community…

WICET sent back to drawing board for $3.5bn debt repayment – Gladstone Observer

BANKS owed more than $3.5 billion by Wiggins Island Coal Export Terminal have rejected its latest proposal to change its debt repayment agreement. It is understood the Gladstone facility’s 19 lenders knocked back a proposal for a five-year extension to the September deadline to repay or restructure WICET’s $3.75 billion debt, sending the company back to…

Is Singapore’s Debt Consolidation Plan Working? Household Debt Data Shows Mixed Signals – The Independent

In 2017, the Monetary Authority of Singapore introduced a new financial instrument called debt consolidation plan (DCP) to help consumers rein in their bloating debt problem. Essentially, this was meant to help individual borrowers combine their high interest loans into one that could be gradually managed down over 1 to 10 years. But, it also…

Education Dept.’s mishandling of student debt relief claims creating headaches for applicants – Washington Post

Betsy DeVoss Education Department has mistakenly kicked student loan borrowers out of forbearance. (Ted S. Warren/AP) Chad Godfroy has saved every email from the U.S. Department of Education since submitting an application in 2015 to have his federal student loans cancelled. Despite the continued wait, Godfroy, 38, took comfort in knowing his payments would be postponed as long…