One worrying takeaway from the first week of the Financial Services Royal Commission is how many elderly people are being adversely affected by irresponsible lending. Such lending is often the result of an agreement with a family member, for example an adult child, to help that person financially by entering into a joint loan.…
AUGUSTA, Maine. (WABI) Maine ranks as the eighth highest state in the country in terms of student debt, that according to a national report. The LePage administration has brought forward a bill to provide debt relief for students in an attempt to keep younger people in the state. “The ultimate goal, the bigger picture, is…
Related Story: 15 questions to ask your partner about money Related Story: How to turn your hobby into a side hustle The last person you would expect to get into $50,000 worth of debt is an accountant. But debt can sneak up on anyone. Five years ago accountant Najlaa…
As Australia’s private debt market slowly springs to life, there is a big Asian player actively seeking an early seat at the table. Street Talk understands financial services and property giant Mirae Asset Financial Group, which has north of $US120 billion under management, wants to claim a share of the market. Multiple sources have told Street Talk that Mirae has…
A new initiative is exchanging the alleviation of national debt for government initiatives aimed at preserving marine ecosystems. Anse Roayle, Mahé, Seychelles (Photo: Jean-Marie Hullot/Flickr) The Small Indian Ocean island nation of Seychelles, located 800 miles off the east coast of Africa, recently announced two new marine reserves made possible by a groundbreaking financing program…
More than 600,000 people in financial difficulties last year sought help from the debt charity StepChange, including disproportionate numbers of single parents and those in rental accommodation. The charity said 619,946 new clients contacted it for debt advice last year 3.5% more than in 2016, and 22% more than four years earlier. There has been…
Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s a…
BRUSSELS (Reuters) – Euro zone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the blocs finance ministers said on Monday, steps that should help underpin its economic recovery. FILE PHOTO – A Greek and a tangled EU flag flutter atop Greece’s Financial…
Christians Against Poverty (Jersey) Limited is being launched by local accountant Malcolm Lewis along with States employee Graeme Stoats and the Rev Martyn Shea, of St Marks Church. Mr Lewis confirmed that it would be run as a limited company and non-profit organisation with charitable status and, similarly to CAP UK, would operate through a…
Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s a…