Banned adverts for two debt advice firms represent just the tip of the iceberg in terms of how people are misled, a leading advice charity has warned. The Advertising Standards Authority this week upheld complaints against two firms, National Direct Service and Fidelitas Group Ltd, about misleading claims they made about their services in paid-for…
PLEASANT GROVE, Utah, Jan. 29, 2021 /PRNewswire/ —Qube Money, a money management and digital banking platform, today announced the launch of its app. Designed to empower consumers to control their finances and eliminate debt, Qube Money brings the envelope budgeting method to a cashless world. “The COVID-19 pandemic accelerated the need for cashless solutions for…
By Omar Mohammed, Leigh Thomas 3 Min Read NAIROBI (Reuters) – Ethiopia plans to seek a restructuring of its sovereign debt under a new G20 common framework and is looking at all the available options, the countrys finance ministry told Reuters on Friday. Ethiopias government bonds saw their biggest ever daily fall on the news…
The makers of the personal finance app Charlie have revamped the tool to focus squarely on getting consumers out of debt and soon hope to add banklike products, such as loan refinancing and a debit card. The app, which first launched in 2016, started as a chatbot that analyzed users transactions and provided budgeting recommendations.…
In May 2019, a gold Ford Transit exploded against the backdrop of Canary Wharf in Londons financial district, sending paper fluttering through the air. With this act, 1.2m of high interest debt carried by local people living in east London had been cancelled. Yet there was a bigger shock to come. Those debts had been…
Many developing countries are experiencing mounting external debt distress owing to the economic consequences of COVID-19. G20 Finance Ministers were swift to adopt the Debt Service Suspension Initiative (DSSI) in 2020, suspending bilateral debt payments through July 2021 for 73 low-income countries. Globally, Chinese governmentsponsored banks have emerged as the largest bilateral creditors (1). For…
Temple University graduate Ewan Johnson’s mother borrowed so he could go to college. Growing up in a small town near Trenton, N.J., Ewan Johnson said there were birthdays when his mother couldn’t afford to buy presents for him and his sister, but she did her best by baking cookies. There were times whenshe worked overtime…
Progressive Debt Relief uses a process known as debt settlement to help consumers negotiate and settle all other unsecured debts they might have, such as credit card debt. It has been a pioneer in the industry when it comes to helping consumers escape from a cycle of using payday loans to stay afloat. According to…
By Andrea Shalal 4 Min Read WASHINGTON (Reuters) – Chad has officially requested a debt restructuring, the first country to do so under a new common framework agreed by Group of 20 major economies last year, the International Monetary Fund said on Wednesday. Chad’s President Idriss Deby attends a working session of the G5 Sahel…
Due to the national public health emergency caused by COVID-19, the US Department of Agriculture announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency (FSA). USDA will temporarily suspend non-judicial foreclosures, debt offsets…