The pandemic has propelled debt distress to the forefront of the policy agenda. A series of debt defaults in developing countries has occurred in 2020. 2021 could see a lot more defaults as more low- and middle-income countries are running out of fiscal and monetary capacity while they still confront the health and economic challenges…
Borrowers defrauded by their schools could see all of their direct federal student loans canceled. Credit: Getty Images/iStockphoto Last week, the Department of Education announced a change that waslargely summarized as the cancellation of $1 billion in student loan debt. The announcement garnered attention because of the Biden administrations past discussion of student debt forgiveness.…
The year 2020 changed life for families across the globe. Amid major adjustments like working from home, virtual schooling and new healthcare precautions, there was another area where Americans experienced change. The Covid-19 pandemic altered credit card habits for consumers nationwide. During a year when millions were stuck at home and unemployment rates reached a…
The federal promise of $4 billion in debt relief for minority farmers, part of the Biden administrations $1.9 trillion pandemic relief package, is a step toward justice, said three Democratic senators on Monday. They said the next step should be passage of legislation to root out discrimination at the USDA, transfer up to 32 million…
Many Aussies have experience with debt. In fact, as of June last year 20% of Australian households have credit card debt, while 33% have other personal debt, according to RBA numbers. Meaning a whole lot of people are dealing with making repayments, and in some cases, multiple repayments. But the truth is, keeping your debts…
The San Diego campus, along with many others, suddenly shut down in 2019. SAN DIEGO (KGTV) — The Biden administration recently announced $1 billion worth of student loan debt was being canceled. The new ruling affects 72,000 students. Some San Diego students at a shuttered for-profit university said they were not included in that list,…
If youre ever looking for debt advice or know someone who is going to make sure youre talking to a legitimate debt advice organisation and not an imposter firm When you need help with debt from an organisation like StepChange, as many have done during the pandemic, you should feel confident that the organisation youre…
By Kevin PeacheyPersonal finance correspondent, BBC News image copyrightMoney Advice and Educationimage captionLeonie has managed to bring her debts under control Leonie’s financial plight was precarious. She had 3,000 in rent arrears and was struggling to keep up with bills. Her physical health was poor, which meant she was unable to work, and her mental…
The worlds largest airlines have built up a mountain of more than $300bn in net debt, a sign the pandemic will hamper recovery for years as carriers face paying back huge bills from rescue financing and state support. With hopes of a limited restart to travel in the summer, attention is turning to how quickly…
Many Americans carry some form of debt. Debt consolidation can help you break free of high-interest debt before trouble arrives. Here, we’ll help you compare online debt consolidation lenders and find out who offers the best terms for your situation. If you’re asking yourself, “What is debt consolidation?” you’ve come to the right place. We’ll…