Category Archives: Debt Help

Teal MP Monique Ryan calls for urgent action to help Aussies lured into ‘predatory’ interest-free loan scheme that encouraged them to trade welfare for student debt

Independent MP Monique Ryan is demanding the Federal Government take urgent action to help people still paying off debt more than 20 years after a controversial student loan scheme was scrapped. Under the Student Financial Supplement Scheme (SFSS) that began in 1993, hundreds of thousands of young people were induced to trade in their welfare…

Bruno Mars Allegedly Owes Massive $50 Million Gambling Debt To MGM Casino –

Bruno Mars has apparently run into a huge debt with MGM Casino. The Grammy-winning crooner entered a multi-year residency agreement with MGM Resorts International back in 2016, entailing performances at the Park MGM resort in Las Vegas. However, recent reports suggest a possible strain in the relationship between the 38-year-old artist and the hospitality giant,…

Shohei Ohtani and his interpreter are entangled in a $4.5 million gambling scandal

Baseball superstar Shohei Ohtani’s debut for the Los Angeles Dodgers on Wednesday was spoiled by one of the highest-profile gambling scandals in recent history: the revelation of $4.5 million he allegedly paid to an illegal California bookie to cover his translator’s sports-betting debts. While investigating an illegal gambling ring out of Orange County, federal prosecutors…

How to pay back stubborn debts

The snowball method. This well recognised method involves listing all of your debts, from the smallest debt first, regardless of the interest rate it attracts. Loading Moving through the list, start by paying off the smallest debt, then move to the next biggest debt and pay that off, and so on. As debts are paid…

Finance’s $375 million outsourcing levy to hit ATO’s debt collection

The Australian Taxation Office (ATO) will soon be forced to pay a new tax just to help collect around $50 billion in outstanding tax money owed to the government in the form of post-COVID tax debts, as well as regular receivables, where commercial recovery agents are used to expedite collection. Yep, you read that right.…

New medical debt relief incentive program to level disparities in North Carolina –

How medical debt affects communities Karida Giddings, the healthcare program coordinator for the North Carolina Black Alliance, said medical debt is intertwined with issues including housing disparities and food insecurity.  In a meeting, Giddings said she heard about a North Carolina resident who lost partial equity of his house to settle over $20,000 in medical debt…

Millions to be hit with second-highest loan increase tomorrow

Those with HECS-HELP debt, and other higher education training loans, will have a 4.7 per cent indexation applied on June 1 but a credit will be applied back to loans once legislation passes later this year. It means someone with the average Australian student debt of $26,494 will owe an extra $1245 or more on…

Shohei Ohtani gambling scandal before Opening Day

TEMPE, Ariz. — This is the time we’re supposed to be counting down the days – even the hours – to the pageantry and thrill of Opening Day.  It’s the time we overreact to everything that transpires in the season openers, assuming trends will carry over for the next six months.  You win you’re a World…

An Older Adult’s Guide to Paying Off Credit Card Debt

Today in America, a retirement crisis looms for millions of older adults: growing credit card debt. Thanks to soaring inflation and the mounting costs of food, housing, utilities, and more, retirees now outspend their annual incomes by more than $4,000, according to the Bureau of Labor Statistics.1 With few options to bridge the gap, more…

Pacific countries trained to better manage public debt using Commonwealth Meridian

Officials from Fiji, Papua New Guinea, Samoa, the Solomon Islands, Tonga, and Vanuatu have completed expert training to manage their sovereign debt using the Commonwealth Meridian system. The Commonwealth Secretariat partnered with the Government of Fiji to host a regional training workshop in Nadi from 28 February to 8 March 2024. The training was designed…