Category Archives: Debt Help

Padilla Urges Department of Education to Expand Student Debt Cancellation by Strengthening Proposed Rules for Relief – Senator Alex Padilla

WASHINGTON, D.C.  U.S. Senators Alex Padilla (D-Calif.), Elizabeth Warren (D-Mass.), Majority Leader Chuck Schumer (D-N.Y.), and Senate Health, Education, Labor and Pensions Committee Chair Bernie Sanders (I-Vt.), along with Representatives Ayanna Pressley (D-Mass.-07), Ilhan Omar (D-Minn.-05), and Frederica Wilson (D-Fla.-24) urged U.S. Secretary of Education Miguel Cardona to leverage his authority under the Higher Education…

How much credit card debt is too much? – CBS News

The level of debt you can handle is unique to you. Here’s how you can tell if you have too much credit card debt.  Getty Images Credit card debt is nothing new for most Americans. In fact, the “vast majority” of adult Americans have at least one credit card in their wallets and borrowers across…

Debt relief proposed for 10.3m people – Bangkok Post

PM outlines measures including lower interest rates, debt suspension and consolidation Prime Minister Srettha Thavisin announces measures to tackle debt problems of 10.3 million people during a press conference at Government House on Tuesday. (Photo: Chanat Katanyu) Prime Minister Srettha Thavisin has announced relief measures, including debt suspension and reduced interest rates, to help resolve…

What Is the IMF? – Council on Foreign Relations

Introduction Since its inception in July 1944, the International Monetary Fund (IMF) has undergone considerable change as chief steward of the worlds monetary system. Officially charged with managing the global regime of exchange rates and international payments that allows nations to do business with one another, the fund recast itself in a broader, more active…

Closing the $688 billion tax gap won't help solve the US debt problem – Yahoo Finance

The IRS is promising its focus on increased tax compliance will help with the nations debt problem. “Achieving our goals will result not only in a fairer tax system,” IRS commissioner Danny Werfel testified before Congress in October, “but also in benefits for taxpayers and the nation because detecting and stopping noncompliance in these areas…

Over 80,000 sign up for debt relief scheme – Bangkok Post

PUBLISHED : 10 Dec 2023 at 18:48 Members of the public attend a debt mediation fair in Nonthaburi province in November last year. (Photo: Pornprom Satrabhaya) More than 82,000 people have signed up to the government’s initiative to help distressed debtors service their obligations to informal lenders since the scheme was launched nine days ago.…

More people seeking help in managing credit card, National Credit Counseling Agency says – NBC 6 South Florida

The holiday shopping push is on with shoppers this year hunting for deals early and keeping inflation top of mind. Inflation is crazy, said Christopher Filius, a shopper. Another shopper told NBC6 she was only shopping for the things they needed and planned to pay for them with cash. Sticking to cash and a budget…

How does debt relief work? – CBS News

Debt relief options can vary depending on your unique situation and financial need.  Getty Images/iStockphoto More than eight out of every 10 Americans have a credit card, according to the United States Federal Reserve. So, it’s more likely than not that you have one of these plastic cards in your wallet.  Unfortunately, however, many people…

Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka – ABC News

COLOMBO, Sri Lanka — The Asian Development Bank said Friday that it has approved $200-million concessional loan to debt-stricken Sri Lanka to help stabilize the countrys finance sector following an unprecedented economic crisis that engulfed the Indian Ocean island nation last year. The bank’s announcement comes as Sri Lanka is awaiting International Monetary Fund approval…

How debt consolidation loans work – Yahoo Finance

Key takeaways Debt consolidation loans take multiple streams of debt and combine them into one loan with a fixed, monthly payment. Only consider a debt consolidation loan if youre offered a lower interest rate than what you were offered with your previous loans. Debt consolidation loans can help you stay on top of your debt…