Sarah Tew/CNET Credit card debtremains a slow-motion disaster for millions of Americans. Despite asudden dip in balances last year— which can be attributed to fewer spending opportunities during the pandemic — credit card debt is anotoriously widespread issue in the US. And, given the industry’s sky-high interest rates, once you fall behind … Read the…
Cloudera Inc.s roughly $5.3 billion deal to go private and join the booming private-equity world just got a boost from the debt market. The Silicon Valley company completed a $2.14 billion loan financing on Tuesday, as part of a bid by private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC to take the…
WASHINGTONMost Republican senators have signed on to a pledge to force Democrats to raise the debt ceiling through procedures that dont rely on GOP votes, escalating the political tug of war over who is responsible for keeping the U.S. from defaulting. Sen. Ron Johnson (R., Wis.) said in an interview that some 46 Republicans have…
The federal government has sent more than 11,000 people Centrelink debt letters worth a total of $32m claiming they were overpaid due to jobkeeper, while resisting calls to claw back money from businesses who got the wage subsidy and then made a profit. Services Australia has told Senate estimates 11,771 people have had a debt…
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate Credit counseling is designed to help consumers who may be struggling with money issues. From debt counseling to…
Now that we know that student loan payments will be suspended until next January, two questions remain: Will payments be suspended again (or again and again and again)? If the suspension is lifted, how will students begin to repay after such a long hiatus? There are at least two answers: First, forgive all the debt…
Credit card debt is tough to manage, but a good repayment strategy can help. Anyone who has had credit card debt knows that it’s no picnic. You do your best to chip away at it, only to see new bills and interest charges slow down your progress. Fortunately, there are several strategies that make it…
Sarah Douglas has struggled with debt and poor mental health for decades, and says the Covid crisis has made matters worse. The pandemic has aggravated existing issues for people like me, says the 51-year-old from Bristol. Its massively stressful dealing with the uncertainty but for someone prone to mental health problems, its particularly bad. Nine…
It is important to know the difference between good and bad debt. Not all debt is created equal and when prioritising which debt to pay off, it can be beneficial to know the difference between good and bad debt. RACQ Banks Eszter Cathcart said good debt should allow you to make money or save money,…
Co Founders of Relief Relief Team There is a total of $807 billion in credit card debt in America. The average American family has $6,270 in credit card debt, and families with the lowest quartile of net worth (median net worth $310) hold an average of $4,830 in credit card debt. As a result of…