Knowing when it’s time to ask for help is a critical part of tackling your debt. Getty Images Debt is a growing problem. The latest consumer data shows that total household debt has surpassed $18 trillion and consumers owe a record $1.21 trillion in credit card debt. With so many consumers owing so much, some…
The New York State Senate has passed Senate Bill S.1673, a critical piece of legislation aimed at addressing the student loan debt crisis affecting many New Yorkers. The bill mandates that all new employees be provided with essential information regarding student loan repayment options, empowering them to make informed financial decisions as they begin…
Qualifying for credit card debt forgiveness is just the first step toward regaining your financial freedom. RIDVAN CELIK/Getty Images With the burden of stagnant inflation and higher interest rates causing the price of borrowing to surge in recent years, many Americans have turned to credit cards to make ends meet. And that’s resulted in both…
The Federal Trade Commission (FTC) has added more defendants in its case against student loan debt relief operation Superior Servicing and its operator, Dennise Merdjanian. The regulator’s amended complaint added corporate defendants Sunrise Solutions USA LLC, Alumni Advantage LLC, Student Processing Center Group LLC, SPCTWO LLC and Accredit LLC, and individual defendants Eric Caldwell and David Hernandez, the FTC said…
Senator Joseph Addabbo has co-sponsored a bill aimed at improving the lives of young professionals. Photo via Getty Images The New York State Senate has passed Senate Bill S.1673, a critical piece of legislation aimed at addressing the student loan debt crisis affecting many New Yorkers. The bill mandates that all new employees be provided…
What has been described as an “unprecedented level of debt,” the harsh economy has many Aussies struggling. As 2025 kicks off, one lender noted that brokers can help clients get their finances in order. January is a troublesome time of year. Many are coming back to work after spending in excess over the break. In…
In this month’s edition of MoneyHelper’s monthly financial guidance column, Claudine Bell, Regional Manager for the South-East at the Money and Pensions Service (MaPS), talks about debt and how you can get free support. What is problem debt? Debt can happen in lots of different ways; you might borrow money on a credit card…
Energy prices are rising faster than benefits, wages or pensions, meaning the amount that UK households owe to energy suppliers – their energy debt – is also likely to grow. On April 1 2025, the energy price cap, which is the maximum amount suppliers can charge, will rise by 6.4%. This is the third consecutive quarterly…
In its final days in office, the Biden administration finalized a rule to eliminate nearly $50 billion in medical debt from 15 million Americans’ credit reports. But the rule betrays a complete misunderstanding of health economics — and like former President Biden’s other market interventions, it may only serve to make Americans worse off. Medical…
People owe more money for gas and electricity bills than ever before. New calculations from the energy consultancy firm Baringa reveal the average typical energy debt is £1,500 – that’s up £300 in a year. The total owed to energy companies is 3.8 billion pounds, which is almost double what it was two years ago.…