As consumers struggle to cope with mounting debt, a new economic report from the Federal Reserve Bank of New York includes an unprecedented glimmer of hope. Although debt for mortgages, credit cards, auto loans and more increased by billions of dollars in the second quarter of 2024, student loan debt decreased by $10 billion. According to the…
Aug 18, 2024 12:49 AM IST Andhra CM Naidu held a meeting with Prime Minister Narendra Modi in the Capital for the first time since his state got a major boost in the Union Budget. Telugu Desam Party (TDP) president and Andhra Pradesh chief minister N Chandrababu Naidu on Saturday appealed to the Centre to…
Aug 13, 2024 The Federal Reserve has held the federal funds rate, which is the interest rate at which commercial banks lend to one another overnight, steady since July 26, 2023. The federal funds rate is used by the Fed to help control inflation, but the rate also has implications for the federal government’s borrowing…
Andhra Pradesh Chief Minister N Chandrababu Naidu met Prime Minister Narendra Modi in Delhi on Saturday. Naidu sought financial assistance from the Prime Minister for debt-ridden Andhra Pradesh. Official data shows Andhra Pradesh’s public debt has risen from 31.02 per cent of the Gross State Domestic Product (GSDP) in 2019-20 to 33.32 per cent in…
Loans for buying back seized assets PUBLISHED : 17 Aug 2024 at 06:20 Small Medium Large The Supha Wongsena Foundation For Debtors’ Rights Reform has… Read the original article here
A new proposal by the Biden administration would protect Americans from having their credit history cratered by medical bills. The rule change, announced by the Consumer Financial Protection Bureau (CFPB) on June 11, would prevent almost any medical debt from appearing on credit reports. In a statement, the CFPB said medical bills “have little to…
Some of the ways I feel myself aging are obvious. Half of my hairs are white now. I can’t stay up past midnight. I hate loud restaurants and bars. I feel a deep urge to read long biographies of generals. But other signs of aging are subtler. For example: I am now worried about the…
7 tips to help dig your way out of debt Not all debts are bad ones. But bad debts can hang heavy around your neck and create long-term financial strain. Here’s the good news about bad debt: You can reduce it. When you have a clear view of your outstanding accounts and amounts, you can…
When my clients first build a budget, I notice they often make one key mistake: They forget to include savings or debt payoff goals. They budget for monthly expenses, like rent and groceries, but never savings or debt. They assume they’ll use any leftover money towards saving goals, but often forget to move this money…
Research has shown that people who experience stress from financial issues and debt are 20 times more likely to attempt suicide than those who do not experience this type of stress. What’s more, financial hardship is, unfortunately, a common problem. In one study, over 50% of the participants reported having two or more financial stressors.…