Having multiple loans complicates business bookkeeping. Multiple loans may also impact business cash flow during the month. Should you consider business debt consolidation? Absolutely. Even if youre easily managing multiple loans and cash flow, you might save money through debt consolidation. An investigation into small business debt consolidation that helps you save money? Sounds like…
IT IS ALMOST a law of nature. Just as the female praying mantis eats her mate after copulation, so too can borrowers and lenders fall swiftly out of love. One minute they are sweetly wooing each other to consummate a deal. Then, the moment it is done, they are at each others throats. So it…
WASHINGTON (Reuters) – Group of Seven finance ministers on Wednesday said a debt relief initiative for the worlds poorest countries could be extended beyond the end of the year to help deal with economic fallout from the coronavirus pandemic. FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks during a closing news…
The CARES Act provided important temporary relief for student loan borrowers, permitting many with federally held debt to skip payments for 6 months, with borrowers generally given credit towards forgiveness for those payments. The legislation halted collections, though a significant number of borrowers were excluded.[1] However, given the severity of the COVID-19 economic impacts, and…
Video PlayerClose NAIROBI, June 3 (Xinhua) — Countries that form the Organization of the African, Caribbean and Pacific States on Wednesday called on developed countries to lift sanctions on its members and provide more debt relief to enhance fight against COVID-19 pandemic. Kenyan President Uhuru Kenyatta in his capacity as the organization’s President-in-Office, cited the…
Stella Nyanzi, a Ugandan activist and government critic, is arrested by police officers during a protest demanding more food distribution during a nationwide Covid-19 lockdown. (Sumy Sadurni / AFP via Getty Images) Thank you for signing up. For more from The Nation, check out our latest issue. Subscribe now for as little as $2 a…
Need to know The people who spoke to us about their long-term credit card debt reveal the financial and emotional toll this debt can take No- or low-interest balance transfer offers often leave people with more debt than they started with CHOICE is calling on the banks to offer a six-month payment deferral on all…
In a file photo, Cardinal Philippe Nakellentuba Oudraogo of Ouagadougou, Burkina Faso waves as he leaves St. Peter’s Basilica after a consistory at which he was made a cardinal by Pope Francis at the Vatican Feb. 22, 2014. (Credit: Paul Haring/CNS.) ROME Cardinal Philippe Oudraogo, who is now recovered after contracting the coronavirus, has issued…
Even before the outbreak of Covid-19, the level of global debt was high by historic standards. According to the Institute of International Finance, by late 2019 global debt (including private and public debt) was more than US$250 trillion. Public debt, in particular, has increased everywhere since the global financial crisis of 2008. International Monetary Fund…
If you think you’re in line for a refund as a result of the failed Robodebt scheme, The Government says you don’t need to do anything right now. Yesterday, the Government announced it will be giving $721 million back to people who paid Centrelink debts they may never have owed. About 373,000 people are affected,…