Category Archives: Debt Help

Warren and Sanders say cancelling student debt could help close the racial wealth gap for families. This startling graph shows they might be right. – Business Insider Australia

Bernie Sanders and Elizabeth Warren have both said eliminating student debt would help black families attain more wealth. Currently, black college grads from four-year schools take on $US7,400 more in loans than their white peers. A 2018 analysis by the Roosevelt Institute found that white families have 12 times the amount of wealth as black…

Credit Counseling May Help Reduce Consumer Debt – Eurasia Review

By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counselingwhich reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring servicescan be an effective strategy for addressing consumer…

Canceling all student debt is a bad idea – The Washington Post

By Allan Sloan, With the Fourth of July just passed, this seems like a good time to bring some independent thought to bear on how to liberate millions of Americans from one of our countrys major problems. And to suggest a few ways to do this without setting off divisive disputes. The problem…

Saddled with big student loans? These companies help employees pay off school debt – Seattle Times

Would millennials want to work for a company that paid off their student loans? For plenty of college grads with heavy debt loads, the answer is a resounding yes. PwC, formerly known as PricewaterhouseCoopers, has a popular loan-offset program for employees: PwC pays part of their student loans as a benefit, offering $100 a month…

3 types of debt you can consolidate and how to make consolidation work for you – Bankrate.com

Yuricazac/ Shutterstock Debt consolidation is the process of combining multiple debts into one. Typically, when you employ this strategy you take out a new lower-interest loan and use it to pay off the balances on multiple high-interest accounts. Consolidating pricey debt into one, easy-to-manage account and payment can make sense for a lot of reasons.…

Executing debt relief for approximately 500000 Kazakhstan citizens to cost $274 million over two months, say ministers – Astana Times

NUR-SULTAN Approximately 105 billion tenge (US$274.32 million) will be required to execute President Kassym-Jomart Tokayevs decree to provide debt relief to some of the countrys most vulnerable groups, said First Deputy Prime Minister and Minister of Finance Alikhan Smailov at a recent press conference. Gulshara Abdykalikova. Photo credit: kazpravda.kz. Of that figure, approximately 88 billion…

Judge lets New York pursue student loan debt relief fraud case – Reuters

NEW YORK (Reuters) – A federal judge said New Yorks attorney general may pursue a lawsuit accusing Debt Resolve Inc and nine other defendants of involvement in a scheme to induce thousands of struggling student loan borrowers into paying for debt relief services they could have gotten for free. U.S. District Judge Alison Nathan in…

Judge lets New York pursue student loan debt relief fraud case – Reuters

NEW YORK (Reuters) – A federal judge said New Yorks attorney general may pursue a lawsuit accusing Debt Resolve Inc and nine other defendants of involvement in a scheme to induce thousands of struggling student loan borrowers into paying for debt relief services they could have gotten for free. U.S. District Judge Alison Nathan in…

Credit counseling may help reduce consumer debt – EurekAlert

By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counseling–which reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring services–can be an effective strategy for addressing consumer…

Credit counseling may help reduce consumer debt – Phys.Org

Credit: CC0 Public Domain By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counselingwhich reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring servicescan be an effective…