While consolidation can look like an easy fix, it can quickly make things worse if used in the wrong circumstances. Some consolidation loans are secured, meaning your home or another asset is used as collateral. If you fail to meet repayments, the lender can repossess that asset to recover the money owed. Even with unsecured…
Spain has become the latest country to contribute to the World Bank’s Livable Planet Fund (LPF), as part of a new package of support for sustainable development and debt relief. Spain is contributing €19.5 million to the LPF, with the country “stepping up its multilateral engagement to tackle global challenges,” commented Carlos Cuerpo, Spain’s minister…
The Salvation Army’s Emily Seiler says the ACT Government is willing to implement better wraparound support. BY KIRRALEE NICOLLE As the ACT Government and ACT Revenue Office work to review the administration of the Home Buyer Concession Scheme, The Salvation Army has advocated for and highlighted the experiences of people experiencing disadvantage. The Salvation Army…
The Albanese government is in talks to extend a sixth taxpayer-funded loan to Papua New Guinea, despite warnings from the International Monetary Fund that the country is at high risk of external debt distress, raising questions whether the money will be repaid. Australia has provided the Papua New Guinea government with a loan every year…
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email When Lucy Rogers* finally opened a letter she had been ignoring for months, informing her that her utilities bill was increasing, it was the final…
A 20 per cent cut to student loans is now just weeks away. The slashing of HELP bills, including HECS debts, is rolling out by the end of 2025 and is welcomed relief for some 3 million Australians who owe money on their tertiary education — but some say the relief does not go far…
A pilot of the scheme helped secure a combined £1.67m in financial gains for participants Placing debt and benefits advisers in GP surgeries could ease pressure on the NHS and improve patients’ health across the country, a pilot test shows. The Financial Shield project, run across 34 GP practices in South London, found that more…
U.S. President Donald Trump speaks with Secretary of Education Linda McMahon during an executive order signing ceremony in the Roosevelt Room of the White House on July 31, 2025 in Washington, DC. Anna Moneymaker | Getty Images The Trump administration has agreed to cancel student debt under programs it had partially blocked, reopening a path…
Macon Blair’s The Toxic Avenger isn’t just a wild, gory, hilarious ride, it’s also doing some real-world good. The Peter Dinklage-led horror comedy, which hit theaters in August after years of waiting, has sparked a campaign that’s wiped out an incredible $15 million in medical debt for thousands of people across the country. Ahead of…
With borrowing costs rising and western governments including the UK cutting their aid budgets, unsustainable debts are driving a development crisis across the global south. In the latest evidence, Ethiopia last week faced the threat of being sued by its creditors in the English courts, after long-running negotiations about restructuring $1bn (£740m) of its debt…