This article looks at several strategies that when used in combination with your clients advice will allow their debt to work more effectively and help them achieve their financial independence earlier than planned. Accessing equity If the value of a clients property has increased then refinancing can unlock this equity to access funds for a…
Centrelink and debt collectors working on behalf of the Australian government have been chasing people to pay back millions in welfare money allegedly overpaid to them during the COVID-19 pandemic. Key points: Centrelink is pursuing 11,000people to repay $32m in debts they accrued due to getting both JobSeeker and JobKeeper There are allegations of double…
By law, Canadian homeowners are required to refinance their mortgages every five years. But there is no limitation to how often you can refinance, and there are many good reasons not to stick to the five-year interval – for example, many homeowners opt to refinance every time interest rates drop to secure lower payments and…
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate There are many different ways to borrow money, from a simple IOU sealed with a handshake to a…
Sarah Tew/CNET Credit card debtremains a slow-motion disaster for millions of Americans. Despite asudden dip in balances last year— which can be attributed to fewer spending opportunities during the pandemic — credit card debt is anotoriously widespread issue in the US. And, given the industry’s sky-high interest rates, once you fall behind … Read the…
Cloudera Inc.s roughly $5.3 billion deal to go private and join the booming private-equity world just got a boost from the debt market. The Silicon Valley company completed a $2.14 billion loan financing on Tuesday, as part of a bid by private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC to take the…
WASHINGTONMost Republican senators have signed on to a pledge to force Democrats to raise the debt ceiling through procedures that dont rely on GOP votes, escalating the political tug of war over who is responsible for keeping the U.S. from defaulting. Sen. Ron Johnson (R., Wis.) said in an interview that some 46 Republicans have…
The federal government has sent more than 11,000 people Centrelink debt letters worth a total of $32m claiming they were overpaid due to jobkeeper, while resisting calls to claw back money from businesses who got the wage subsidy and then made a profit. Services Australia has told Senate estimates 11,771 people have had a debt…
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate Credit counseling is designed to help consumers who may be struggling with money issues. From debt counseling to…
Now that we know that student loan payments will be suspended until next January, two questions remain: Will payments be suspended again (or again and again and again)? If the suspension is lifted, how will students begin to repay after such a long hiatus? There are at least two answers: First, forgive all the debt…