Elifinty, a London-based fintech tech start-up, and Fair Money Advice, a London-based debt advice charity, announce a game changing partnership to help deliver better financial services and debt advice for people in the UK. The collaboration comes on the back of Elifintys recent participation in the FCA & City of London Sandbox where they are…
WASHINGTON, DC – FEBRUARY 4: Senate Majority Leader Chuck Schumer (D-NY) speaks during a press … [+] conference about student debt outside the U.S. Capitol on February 4, 2021 in Washington, DC. Also pictured, L-R, Rep. Mondaire Jones (D-NY), Rep. Alma Adams (D-NC), Rep. Ilhan Omar (D-MN), Sen. Elizabeth Warren (D-MA) and Rep. Ayanna Pressley…
It is important to remember that borrowers can refinance a federal loan to a private loan, but they cannot go the other way or revert back once this occurs. The decision may be simpler for prospective borrowers since federal loan rates change each year and are based on the high yield of the last 10-year…
The move meets key demand by international financial institutions to help Sudans transitional authorities overhaul its battered economy. The Central Bank of Sudan has sharply devalued the currency, announcing a new regime to unify official and black-market exchange rates in an effort to overcome a crippling economic crisis and access debt relief. The change on…
Boris Johnson should use his presidency of the G7 this year to insist that UK banks take part in the global push to alleviate a new developing country debt crisis, a campaign group has urged. The Jubilee Debt Campaign (JDC) said there was a special responsibility on Britain to act, as it released new figures…
By Khalid Abdelaziz 4 Min Read KHARTOUM (Reuters) – Sudans central bank sharply devalued the currency on Sunday, announcing a new regime to unify official and black-market exchange rates in an effort to overcome a crippling economic crisis and access debt relief. The change is a key reform demanded by foreign donors and the International…
If you have multiple streams of debt, like high-interest credit cards, medical bills or personal loans, debt consolidation can combine them into one fixed monthly payment. Getting a debt consolidation loan or using a balance transfer credit card can make sense if it lowers your annual percentage rate. But refinancing debt has pros and cons…
(NerdWallet) If you have high-interest consumer debt, getting control of your money in the new year might sound overwhelming. Most Americans say the COVID-19 outbreak has caused financial stress, according to a survey released in October by the National Endowment for Financial Education, with 30% listing debt as their top stressor. Despite the pandemic, you…
By Andrea Shalal 4 Min Read WASHINGTON (Reuters) – The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change into the negotiations about reducing the debt burdens of some poor countries, World Bank President David Malpass told Reuters in a Friday interview. FILE PHOTO: World Bank President David…
Debt consolidation through a personal loan can be an effective strategy to pay down existing debt; however, these four types of debt consolidation loan options are not ideal and should be avoided. (iStock) Many Americans are faced with the personal finance challenge of overcoming student loan debt, credit card debt, and mortgage debt; so much…