By Tom EspinerBusiness reporter, BBC News Jordan has been chased by debt collection agencies after falling behind on payments for clothes. The 23-year-old bought a winter coat using Buy Now Pay Later when employed, but then lost his job. According to Citizens Advice, one on ten shoppers who use this type of credit end up…
Out of 3.4 million farmers working in the United States, fewer than 50,000 are Black, according to the most recent Census of Agriculture taken in 2017. That disproportionately small number is due in large part to historic racial discrimination in federal farm programsand now efforts to address that history are themselves being attacked as discriminatory.…
Haiti, one of the worlds poorest countries, is also vulnerable to the harsh realities of the climate crisis. Only a few days after the earthquake, the country experienced heavy rain as tropical Storm Grace approached, causing flooding and significant challenges for the humanitarian response. Haiti is also still recovering from an earthquake that struck in…
BOYDTON, Va. (AP) There was a time when Black farms prospered. Just two generations out of slavery, by 1910 Black farmers had amassed more than 16 million acres of land and made up about 14 percent of farmers. The fruit of their labors fed much of America. Now, they have fewer than 4.7 million acres.…
Many American workers are carrying thousands of dollars in debt, and most say it impacts their financial security. A Northwestern Mutual study found that U.S. adults who carry debt hold an average of $23,325, excluding mortgages. Seventy-eight percent of respondents also believe this affects their ability to achieve financial confidence. Because of their debt, 29%…
Boydton, Va. There was a time when Black farms prospered. Just two generations out of slavery, by 1910 Black farmers had amassed more than 16 million acres of land and made up about 14 percent of farmers. The fruit of their labors fed much of America. Now, they have fewer than 4.7 million acres. Black…
A lot of people arent aware of them, but the federal government does offer programs to help with debt. Admittedly, most such efforts are designed for very specific situations and scenarios, but there may be something available that can benefit you. Heres how to use government debt relief programs. Internal Revenue Service Initiative If debilitating…
Jakarta. Flow, an AI-enabled ethical credit management company, seeks to empower Indonesian borrowers to better manage their debt with a new self-service portal, dubbedFlowCares. Indonesia is home to one of the worlds most unbanked populations, especially in rural areas. Its financial literacy is also of great concern. A 2019 nationwide survey by the Financial Services…
JEN and Travis Smith decided to get out of the red as they got engaged – and they now live debt-free thanks to no-spend challenges. The married duo, aged 32 and 34, had a combined $78,000 in debt in 2015, which included $74,000 worth of student loans and $4,000 in a car loan. 2 Travis…
A college graduate calls their family on video to celebrate Kemal Yildirim | Getty Images Earlier in August, the U.S. Education Department under President Joe Biden announced it would cancel another $1.1 billion in student loan debt for about 115,000 borrowers who attended ITT Technical Institute, a now-defunct school. This latest round of forgiveness brings…