Recent statistics on the number of consumers who have fallen behind on their debt repayments for vehicles and homes make for difficult reading. It is now estimated that the number of vehicle and home loan accounts that will fall into arrears will reach unprecedented heights. Take our personal finance survey below and you could win…
SAN ANTONIO Texans are struggling with credit card debt and personal loans now more than ever, due to the pandemic. If you are struggling to pay high-interest credit card debt and personal loans, you are certainly not alone. If youve considered debt consolidation or debt relief, Debt Redemption Texas Debt Relief explains why using a…
The impact of COVID-19 lockdown restrictions on Australia’s tourism sector has hit Queensland the hardest, with the state recording nine of the top 10 for mortgage deferral hotspots. An analysis by global information solutions company Equifax revealed that when COVID-19’s first wave hit Australian shores, residents living in regions with tourism-dependant economies struggled to maintain…
ANKARA The International Monetary Fund (IMF) approved late on Monday a second six-month tranche of debt service relief for 28 low-income member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval follows the first six-month tranche from April to October and enables the disbursement of grants from the CCRT for payment of eligible…
Video PlayerClose WASHINGTON, Oct. 5 (Xinhua) — The Executive Board of the International Monetary Fund (IMF) has approved a second six-month tranche of debt service relief for 28 low-income countries amid the COVID-19 pandemic. “Relief on debt service will free up scarce financial resources for vital emergency medical and other relief efforts while these members…
We want to continue providing relief to borrowers facing cash-flow challenges while encouraging them to resume loan repayments to the extent they are able to, so that they do not accumulate too much debt, MAS managing director Ravi Menon said in the statement. SINGAPORE: Singapore banks will extend debt relief for individuals and small-to-midsized businesses…
Khao San Road businesses were forced to close because of the Covid-19 pandemic, which damaged the business environment nationwide.Apichart Jinakul Fears of a debt tsunami are amplifying with debt relief measures by the Bank of Thailand set to expire later this month. Suffering businesses are urging an extension to avoid shouldering a mountain of debt…
By Reuters Staff 2 Min Read FILE PHOTO: World Bank President David Malpass responds to a question from a reporter during an opening press conference at the IMF and World Bank’s 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, U.S., October 17, 2019. REUTERS/Mike Theiler BERLIN (Reuters) – The COVID-19 pandemic…
Zambia is running out of money to pay its debts. It has asked bondholders for breathing space so that it can put a restructuring plan in place. The copper-rich African state is at risk of being the first country to default on its debts since the start of the coronavirus pandemic. Not the last though.…
Some 342m of UK investments will help fund Chinese debt as Communist Party bonds are upgraded by the London Stock Exchange Chinese Communist Party to list its bonds on the World Government Bond index Promotion to the global index gives China access to much larger pools of capital UK funds have already invested 3billion in…