CBA to implement HECS debt lending assistance

The major bank has announced policy to help those with student debt access funding for home loans. The Commonwealth Bank of Australia (CBA) has introduced changes to how HECS-HELP debt is assessed, allowing better access to funding. You’re out of free articles for this month Coming into effect tomorrow (9 April), CBA will no…

When should you consider filing for bankruptcy?

It can be tough to determine whether you should file for bankruptcy — or whether another type of debt relief may be the better option. Getty Images Between today’s inflationary issues, the lingering high-rate landscape and the other economic hurdles that are looming, managing everyday expenses — let alone debts — has become a major…

Trapped in debt: China’s role in Laos’ economic crisis

The Lao government is seeking to manage the crisis through a range of measures. To stabilise the currency, the authorities have imposed foreign exchange controls and tightened monetary policy. Unable to raise fresh foreign capital to help meet impending debt service payments, the government has resorted to borrowing domestically, selling state assets, increasing tax revenues,…

Will my credit score go up if I settle a debt?

Before pursuing debt settlement, it’s important to understand how this type of debt relief could impact your credit score now — and over time. Getty Images/iStockphoto Getting rid of debt has become a lot harder for many Americans lately, and it’s not just because people are borrowing more (though they are doing that, too). In…