Category Archives: Debt Help

Credit card debt fell and the savings rate rose this year, but financial counsellors issue warning on buy-now, pay-later plans – ABC News

People should be careful to avoid a Christmas debt hangover, financial counsellors have warned, despite Australians reducing their credit card bills amid the uncertainty of 2020. Key points: Credit card balances decreased by $11.7 billion this year Buy-now, pay-later services continue to increase in popularity Financial counsellors typically see an increase in calls for help…

Pakistan signs US$1.7 billion debt relief deal – Macau Business

Pakistan has secured a US$1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped countrys massive financial obligations.…

As Student Debt Soars, Relief Should Focus on Neediest Borrowers – Barron’s

Text size Ty Wright/Bloomberg The national debate around student loan forgiveness has shifted into high gear. Last month, Sen. Chuck Schumer called for the elimination of up to $50,000 of student loan debt, joining a chorus of activists for debt forgiveness. Not to be outdone, Secretary of Education Betsy Devos just extended a pandemic-inspired moratorium…

Omnibus Spending Deal Includes $1.3 Billion in Debt Relief for HBCUs – Diverse: Issues in Higher Education

December 21, 2020 | : Several of Congresswoman Alma Adams (NC-12) equity-oriented higher education priorities are included in the FY21 Omnibus spending deal, including her bill, The HBCU Capital Finance Debt Relief Act, which cancels over $1.3 billion in debt held by historically Black colleges and universities (HBCUs). According to Adams office, the bill also…

New Year New Loan Debt Consolidation with Westport Federal Credit Union – Dartmouth Week

With the New Year right around the corner, you may be trying to pay off your debt and increase your credit score. If paying off your debt is your goal, debt consolidation could help you manage multiple accounts at once by channeling them into one monthly bill. Westport Federal Credit Union offers our Whatevah loan…

Pakistan signs USD 1.7 billion debt relief deal – The New Indian Express

By AFP ISLAMABAD:Pakistan has secured a $1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped country’s massive…

Pakistan signs $1.7 billion debt relief deal – WION

Pakistan has secured a $1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped country’s massive financial obligations.…

A 36-year-old stuck to this one spending rule to help pay off $87,000 of debt in less than a year – CNBC

Nyajuok Mangongo, 36, made a handful of moves to pay off $87,000 in credit card debt and a car payment in just under a year. From picking up weekend hours as a nurse during the pandemic, to buying things from her local Goodwill to resell on eBay and Facebook Marketplace, Mangongo hustled to supplement her…

Want to be Debt-free in 2021? These Five Ways May Help You – News18

Most of the people employed in the private or public sector take some kind of loans for buying home, vehicle or other reasons, among others. Some students take an education loan for pursuing bachelor, master degree or other professional courses. Nowadays, banks also offer the option of converting credit card outstanding into equated monthly instalments…

Debt dilemma: how to avoid a crisis in emerging nations – Financial Times

Global institutions, creditors and lobby groups are scrambling to come up with ways of tackling what many fear will be a wave of sovereign debt crises in emerging economies in the coming year. The economic and financial consequences of the pandemic threaten to tip dozens of nations into a fiscal crisis and to leave many…