Ethiopia has asked for debt relief under a G20 programme to help poor countries reeling under the economic impact of coronavirus, making it the second African country to do so in the past week. Ethiopia has long been seen as one of Africas most promising economies but the pressure the pandemic has placed on healthcare…
Ditching debt might seem like an impossible task amid ever-rising household costs, but Effie Zahos says there are simple strategies to get the job done. The financial commentator and author’s third book, which launches on February 2, aims to take a positive approach to help people move forward by repaying debt and then building wealth…
Where many of the top debt relief companies help consumers out of debt using a process known as debt settlement, Trinity Debt Management takes a different approach. This company offers credit counseling to consumers, but they also enroll their customers into debt management plans (DMPs). Where debt settlement plans have you stop paying bills so…
By Giuseppe Fonte, Gavin Jones 4 Min Read ROME (Reuters) – Italy, this years president of the Group of 20 rich and emerging nations, will push its members to extend debt relief to poor countries struggling to deal with the coronavirus pandemic, a top official from Romes G20 financial team told Reuters. FILE PHOTO: U.S.…
In a mythical American past, families took out one 30-year mortgage, worked at one company for 30 years while paying off the mortgage and sailed off into retirement free of debt. Today, the reality is that the dream of retiring debt free is fading, and debt among older Americans is soaring. The percentage of households…
Disputes included those arising from vehicle rents and real estate settlements. The Ajman Police helped settle financial disputes worth over Dh10.6 million in 2020. Through their special initiative called Falak Tayeb, the police helped restore the amounts to 724 rightful claimants. Colonel Ali Jabr Al Shamsi, Director of the Comprehensive Police Stations at Ajman Police,…
With the Covid-19 pandemic driving up government debt across many nations, there are growing calls for debt swaps to be used to help developing nations achieve a green recovery. This week, two separate research teams from the US and China have called for China in particular to implement such debt swaps in exchange for efforts…
Banned adverts for two debt advice firms represent just the tip of the iceberg in terms of how people are misled, a leading advice charity has warned. The Advertising Standards Authority this week upheld complaints against two firms, National Direct Service and Fidelitas Group Ltd, about misleading claims they made about their services in paid-for…
PLEASANT GROVE, Utah, Jan. 29, 2021 /PRNewswire/ —Qube Money, a money management and digital banking platform, today announced the launch of its app. Designed to empower consumers to control their finances and eliminate debt, Qube Money brings the envelope budgeting method to a cashless world. “The COVID-19 pandemic accelerated the need for cashless solutions for…
By Omar Mohammed, Leigh Thomas 3 Min Read NAIROBI (Reuters) – Ethiopia plans to seek a restructuring of its sovereign debt under a new G20 common framework and is looking at all the available options, the countrys finance ministry told Reuters on Friday. Ethiopias government bonds saw their biggest ever daily fall on the news…