BRITAIN is preparing to pay a long standing £450m debt to Iran that will help free imprisoned mum Nazanin Zaghari-Ratcliffe. Boris Johnson and Chancellor Philip Hammond quietly authorised government lawyers to finally settle the 38 year-long dispute over a tank deal. PA:Press Association Nazanin Zaghari-Ratcliffe has been locked up since April 2016 on trumped up…
By Jack Stubbs and Deisy Buitrago MOSCOW/CARACAS (Reuters) – Venezuela won easier debt terms from Russia and got a vote of confidence from China on Wednesday, as the oil-rich country said it had starting making interest payments on bonds after a delay that had threatened to trigger a default.A debt restructuring deal with Russia that…
People struggling with debt could be helped by a Bill progressing through parliament designed to reduce the term of bankruptcy to one year. Photographer: Sergio Dionisio/BloombergPicture: Bloomberg Debt-affected Pilbara property and business owners suffering in the wake of the end of the mining boom could be some of the biggest winners if new legislation is…
MOSCOW (Reuters) – Venezuela has not requested any help from Russia beyond a debt restructuring deal that has already been agreed between the two countries, Kremlin spokesman Dmitry Peskov told reporters on Wednesday. Russia and Venezuela are to sign an agreement on Wednesday restructuring around $3 billion in debts to Russia, a source familiar with…
Susan Walsh/AP For-profit college magnates Corinthian Colleges and ITT Technical Institute shuttered operations in recent years after facing state and federal investigations into fraudulent and predatory practices. After the school chains closed, tens of thousands of students who borrowed money to attend them found themselves with worthless diplomas and saddled in debt. The Department of Education under…
In his new position, Pack will be responsible for customer service, payment operations, settlement negotiations and underwriting. Based in FDR’s Tempe, Arizona, office, he will manage the company’s fast-growing operations. FDR recently became the first company in its industry to surpass the $7 billion mark in total consumer debt resolved, and continues to grow at…
MOSCOW (Reuters) – Venezuela has not requested any help from Russia beyond a debt restructuring deal that has already been agreed between the two countries, Kremlin spokesman Dmitry Peskov told reporters on Wednesday. Russia and Venezuela are to sign an agreement on Wednesday restructuring around $3 billion in debts to Russia, a source familiar with…
MOSCOW, Nov 15 (Reuters) – Venezuela has not requested any help from Russia beyond a debt restructuring deal that has already been agreed between the two countries, Kremlin spokesman Dmitry Peskov told reporters on Wednesday. Russia and Venezuela are to sign an agreement on Wednesday restructuring around $3 billion in debts to Russia, a source…
Senate Democrats are urging Education Secretary Betsy DeVos to process the debt relief claims of 87,000 federal student loan borrowers. (AP) Senate Democrats are urging Education Secretary Betsy DeVos to forgive the federal student loans of borrowers who were defrauded by their colleges, as the number of debt relief claims at the Education Department grows. The Washington Post reported…
Last week, the Consumer Financial Protection Bureau sued Freedom Debt Relief, the nations largest debt settlement services provider, claiming that the company repeatedly lied to its customers about the companys ability to negotiate debt settlements. According to the CFPB, Freedom Debt Relief collects fees from customers without settling their debts as promised, makes customers negotiate…