A cross-party group of MPs has criticised Ofgem’s plans to tackle growing household bill debt as “completely inadequate”. The energy regulator announced that up to £500 million in debt will be paid off through bill increases spread across millions of UK households. The UK faces an energy affordability crisis after electricity and gas prices soared…
The government introduced legislation on July 23 that will enact its election promise to reduce student debt by 20 per cent. This legislation will: • Provide a one-off, 20 per cent reduction to Higher Education Loan Program (HELP) debts in the Higher Education Support Act 2003, and other student loans provided under the Student Loans…
Credit card debt forgiveness can reduce what you owe, in some cases substantially, if you meet certain conditions. Muhammad Aqib/Getty Images After years of high (and climbing) credit card rates, many Americans are running out of ways to keep up with their rapidly growing balances. A major part of the issue is that the average…
Trump administration to reduce eligibility for major student-loan forgiveness program MarketWatch Read the original article here
Ofgem’s debt relief plans have ‘lost gravitas’ Utility Week Read the original article here
SEATTLE, WA – Two women who tried to get debt relief and down payment assistance through the Urban League of Metropolitan Seattle are speaking out about what they call “unfair treatment” and “lies” from members of the organization. When The Center Square ran an article this week featuring a whistleblower who detailed alleged self-dealing within ULMS as…
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This Responsible Gambling Month, there is focus on the perilous rise of gambling as a financial lifeline for many South Africans struggling to make ends meet. With a growing number of individuals impacted by economic challenges, the gambling industry has managed to position itself as a seemingly viable solution for those eager to stretch their…
eThekwini ratepayers call for action on billing issues in light of extended debt relief programme MSN Read the original article here
Some student-loan borrowers in public service might lose access to debt relief. On Thursday, President Donald Trump’s Department of Education announced that it had finalized its rule to limit the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments. Following an executive order in…