Key takeaways Nonprofit debt consolidation can make debt payments more manageable by reducing the number of bills you need to pay. Unlike traditional debt consolidation, where borrowers pay off existing debts with a new loan, nonprofit debt consolidation relies on a debt management plan that works with your existing debts. You may want to try…
If you’re struggling to pay off what you owe, there are affordable ways to get rid of your credit card debt. Getty Images/iStockphoto Thanks to high inflation and the rising costs of many goods and services, credit card usage has jumped recently. And while cards can make it easier to stay afloat during challenging financial…
There are millions of people in the UK who are struggling with debt. You are not alone. There is no need to feel embarrassed or think there is nowhere to turn. The important thing is that you do something to improve the situation you are in. The information in this section will help you manage…
In a society that normalizes debt, most people have multiple repayment responsibilities every month: credit cards, mortgages, car loans, student loans, lines of credit and personal loans. Personal finance isn’t widely taught in schools, but managing your money is an essential life skill. Spreadsheets and apps are helpful as tools to add inputs but often fall…
Archbishop Gabriele Caccia (Holy See Mission) The Holy Sees Permanent Observer to the United Nations has urged the international community to help Small Island Developing States through concrete efforts, which can include debt relief and debt cancellation. Source: Vatican News. My delegation calls upon all member states to reaffirm their commitment to the sustainable development…
More than three million Australians will have their student debt wiped in a bid to win over younger voters crushed by the cost of living crisis. Education Minister Jason Clare on Sunday announced the government would cap the Higher Education Loan Program (HELP) indexation rate, eliminating about $3 billion of student debt. The capped rate…
Key Points More than three million Australians have been hit with an increase to their student loan debt due to indexation. The education minister has told students the increase will drop due to forthcoming legislation. But there have been calls for the government to change indexation so it’s not applied on amounts already repaid. More…
Every year on June 1, student debt in Australia is indexed to inflation. In 2023, high inflation pushed the indexation rate to 7.1%, the highest since 1990. This year, if there is no policy change, student debt balances will be increased by 4.7%. After sustained community pressure to change the way debts are indexed, the…
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Most personal finance experts tell you not to buy anything you dont need when youre paying off debt. And thats where I think we get it wrong. Who wants to give up all the fun of spending and have nothing to look forward to? Not me. When I was knocking out my debt, I considered…