Australias consumer watchdog has suggested the federal government should consider liberating the NBN from its obligation to deliver profit for Treasury. The Australian Competition and Consumer Commission released its draft report on the communications sector on Monday, with the national broadband network a major topic of discussion. With the national network having to subsidise its…
More than six million Britons dont believe they will ever be debt free, according to new research which has also found the average person in the UK owes £8,000 on top of any mortgage debt. Almost a quarter of all Britons said they are struggling to make ends meet, while 62% said they were often…
CONSUMERS who are considering switching to a balance transfer credit card are mired in debt four times larger than the average Australian balance of $3069. Research by Finder.com.au has found that people researching balance transfer cards owe more than $12,000 on their existing credit cards. Its analysis of 9500 online searches also found they are…
It’s rare to see much positive news about retail banking these days, but for all their faults most big banks have recently taken action in an area where they have long been slammed: credit cards. No doubt in response to community and political pressure, Westpac and Commonwealth Bank have this year started offering cards with…
Trying to answer this raises questions about just how pro-customer or paternalistic, depending on your perspective we should expect banks to be. In a market where consumers often behave irrationally, should banks be trying to help us out, or waiting for us to slip up so they can maximise profits? The humble credit card has…
Chronic debt can only be solved with new legislation, says advice site founder – The National x Abu Dhabi, UAESunday 29 October 2017 Read the full article at: https://www.thenational.ae/business/money/chronic-debt-can-only-be-solved-with-new-legislation-says-advice-site-founder-1.671144
The phone rings. You dont recognize the number, but you answer anyway. Its a debt collector demanding immediate payment on a debt that doesnt belong to you, or one youve already paid. Suddenly youre facing a phantom a phantom debt, that is. That debt might not belong to you, but telling that to the collector…
ST. JOHNS, Antigua After Hurricane Irma decimated the Caribbean island of Barbuda, Bishop Gabriel Malzaire, president of the Antilles bishops conference, said the country should be given a break from paying its debts while it rebuilds after the storm. This is not the first disaster of this kind and nor is it likely to be…
UAE Helping Hands: emergency surgery leaves uninsured woman with mountain of debt – The National x Abu Dhabi, UAESaturday 28 October 2017 Read the full article at: https://www.thenational.ae/uae/uae-helping-hands-emergency-surgery-leaves-uninsured-woman-with-mountain-of-debt-1.670899
MIAMI, Oct 28 (Thomson Reuters Foundation) – A plan by British billionaire Richard Branson to lead a post-hurricane rebuilding effort in the Caribbean, with a focus on clean energy projects, may include debt relief negotiations mediated by the International Monetary Fund. Branson is spearheading a plan to help Caribbean nations recover after Hurricanes Irma and…