(iStock) (Elena Elisseeva/iStock) By Michele Lerner July 31, 2018 Theres good news for wannabe first-time Maryland home buyers who are struggling to make a down payment because of the high amount they owe on student loans: A new program will let them wrap their student loans into a mortgage. The Maryland SmartBuy program, which started…
Share this: Many households will have started the new year with a nasty financial hangover thanks to the holiday spending season. That follows a record-breakingDecember where Australians racked upa record $30 billion in credit card debt alone. If youre one of these people, what should you do to avoid carrying and accumulating even more of…
The TUC has today announced that household debt in the UK has increased by nearly 1,000 per household to 15,385, in the past year. The figure which includes, bank overdrafts, personal loans, store cards, payday loans, outstanding credit card debt and student loans but excludes mortgages, totals 428bn nationwide. With that, wellbeing expert and CEO…
Aside from mortgages, unsecured debt in the latter half of 2018 saw a rise of 886 per household on the previous year, with total debt adding up to an astonishing 428billion, compared to 286billion in 2008. These figures put together several factors including personal loans, overdrafts, store and credit card debts and student loans. Yes,…
COLUMBUS Ohio Attorney General Mike DeWine today announced a multistate settlement with Career Education Corporation, a for-profit college provider that operated several schools, including Sanford-Brown, Le Cordon Bleu, and International Academy of Design & Technology. As part of the agreement, the company is expected to forgo collecting nearly $493.7 million in debts owed…
The full roll out of Universal Credit, the governments plan to collapse six welfare benefits into one, was delayed in early January. This followed mounting concerns by MPs and months of trenchant criticism of its design, including from the UNs special rapporteur on extreme poverty and human rights. These criticisms are warranted and important. Yet…
Allowing credit unions charge as much as 2% a month for their loans could help prevent people from using hugely expensive money lenders and provide some competition to banks charging large amounts on credit cards, industry and consumer advocates have said. Lifting the cap to 2% from 1% on the maximum monthly charge for credit…
Happy New Year.Welcome to 2019 and just a little advance warning theres a local election coming across the city in less than four months. For many in our city though the thought of a happy new year or any sense of excitement from the coming local elections will be completely absent. Increasingly, ongoing Tory austerity…
Britains household debt mountain has reached a new peak, with UK homes now owing an average of 15,385 to credit card firms, banks and other lenders, according to the TUC. The trade union body said household debt rose sharply in 2018 as years of austerity and wage stagnation forced households to increase their borrowing. The…
For the first time in our history, Australians have tallied up a staggering collective credit card debt of almost $30billion. The terrifying statistic was the result of frenzied Christmas shopping meaning many Aussie households are heading into 2019 with a financial hangover. According to a new forecast of Reserve Bank of Australia (RBA) data analysed…