Tis the season to contemplate New Years resolutions. With 44.5 million student loan borrowers in the U.S. owing a total of $1.5 trillion, student loans are certain to be a factor in most financial wellness resolutions. Not only are more people in debt, but people are deeper in debt because of higher education. Average debt…
Overspending over Black Friday, Cyber Monday and the Christmas holidays will have “severely negative consequences” for overly indebted consumers, a debt counselling expert has said. Acknowledging the brief relief brought from the decrease in fuel prices in December and now January, CEO of Debt Rescue Neil Roets also pointed out that consumers are not yet…
By Marianne Storey, CEO, Dorset Mind THERE is a well-known correlation between mental health and debt issues. For many, January is without doubt the hardest time of year. Overspending during Christmas makes managing money even harder and worrying about the fall-out from the festive season can make people who experience poor mental health, even worse.…
DEBT is an essential part of any business. All companies should have some amount of debt to help finance its growth and investments for the longer term. It is an efficient way of managing the balance sheet. But taking on too much debt can restrict a companys operational flexibility, and increase its risk of financial…
You had a great Christmas. You enjoyed picking the best gifts for the people you love, you ate and drank well, and you caught up with friends and family you havent seen for ages. But somewhere between the Christmas day nap and sales browsing came the creeping realisation that your finances are about as healthy…
QY Research has come up with a newly published report on global Debt Arbitration market in its database that provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, Debt Arbitration market segmentation and forecasting. The report highlights the market size and CAGR…
Cultura RM Exclusive/Stefano Gilera/Getty Images There is an estimated $1.5 trillion of outstanding student loan debt. The burden is taking a toll on Americans, from preventing homeownership to delaying other major life milestones, like marriage. Still, its easy for Americans to want to eliminate that debt as soon as possible and criminals are capitalizing on…
Amritsar/Bathinda/Patiala: The crop loan waiver of Rs 2 lakh may not have been enough to revive the fortunes of most farmers, but a section of them is now eyeing fresh loans to put their derailed financial condition back on track once the government waives their old debts. Our reputation in banks will automatically improve if…
An analysis of Federal Reserve data projected that by the end of 2018, the total consumer debt in the US will reach $4 trillion. Americans spend at least 10% of their monthly income repaying debts like credit cards, student loans and car loans, and they basically owe 26% of their total income. These numbers are…
A first-round American baseball draft pick has surprised his parents witha big Christmas gift -usingthe money from his new job to pay off all of their debt. Brady Singer, a 22-year-old player with the Kansas City Royals, posted a video on Tuesday of his parents as they read a note from him announcing the gift,…