Key takeaways A personal loan can fund expenses such as debt consolidation or medical costs. Personal loans tend to carry lower interest rates than credit cards, which can make them more affordable for borrowers. Before deciding to get a personal loan, you must consider potential downsides, such as high interest rates, steep fees and a…
Annie Guest: One indicator of how the economy is tracking can be seen in calls to the National Debt Helpline. It’s just had a month of a record number of calls, many from small business owners. And there’s concern shame and a lack of trust stops many indebted Australians asking their banks for help. Jon…
Credit: Rome Reports The Pontifical Academy of Social Sciences gathered top academic experts, economic leaders and religious leaders on 5 June to address the concerning debt crisis in the global south. Those gathered for this event had an audience with Pope Francis, where he spoke of the consequences of mismanaged globalisation. In order to try…
There are smart moves you can make with your debt this June, but there are also a few moves that you should avoid. Getty Images June is upon us and soon, summer will be in full swing. However, if you have debt that you’re having a difficult time dealing with, you likely have other things…
Consolidation of debt on loans involves the consolidation of both large and small debt into one debt. This combination allows the debtor to repay the consumer, mortgage, and other loans in one place. This is very convenient, especially for the debtor. Why is Loan Consolidation Most Beneficial for the Debtor? Having completed the consolidation of…
BANGKOK, Sept 28 (Reuters) – Thailand’s central bank said on Tuesday it planned to introduce debt consolidation measures to help reduce interest rates on consumer loans for retail debtors, as the country suffers its most protracted coronavirus outbreak so far. The move is viewed as more useful than cutting the rate ceiling of those loans,…
Getty Images Covid-19 has triggered unprecedented financial challenges for many individuals and families. Now, one survey shows just where many of them are feeling the pinch their credit card balances. Bankrate.com finds that 42% of U.S. adults with credit card debt have increased those balances since the Covid-19 pandemic began in March 2020. The company’s…
There are many reasons why people fall into debt. These can be from necessary expenses such as hospital visits, fixing a car when it breaks down unexpectedly, or home repairs that need to be done. No matter the reason, its easy to get behind if you dont have the money. Debt consolidation and debt settlement…
September 25, 2021 $500 Million in total relief expected for more drivers NEW YORKMayor Bill de Blasio today announced New York Citys $65 million Medallion Relief Program (MRP), which could result in $500 million of debt forgiveness for thousands of drivers, has delivered $5.1 million in debt cancellation for the first 26 owners to fully…
The San Mateo County Community College District will use federal funding to provide student debt relief and financial aid to students impacted by the COVID-19 pandemic. The three colleges of the district collectively received over $23 million through the Higher Education Emergency Relief Fund, as part of the American Rescue Plan Act of 2021. This…