Gas and electricity customers face the prospect of debt collectors chasing up unpaid bills after the energy industry regulator told suppliers they no longer had to offer unlimited coronavirus payment holidays. Ofgem gave the go-ahead for the restart of debt collections weeks after calling on energy suppliers to offer help to customers facing financial pain…
Former central bank chief Zhou Xiaochuan said Monday that indebted countries have to find their own solutions for their debt problems and cant rely solely on assistance from the G-20. The G-20s debt relief initiative can alleviate the difficulties that have been caused and aggravated by the coronavirus pandemic, but we also need to recognize…
Editorial Independence We want to help you make more informed decisions. Some links on our site clearly marked will take you to a partner website and may result in us earning a referral commission. For more information, seeHow We Make Money. With the U.S. economy officially in a recession and historic unemployment numbers, many people…
June 22, 2020 06:15 ET | Source: MNP Ltd. What Canadians Plan to Do When CERB Runs Out: Nearly half say they will cut back on consumer spending (46%) One third will apply for EI benefits (32%) or take on more debt (35%) One in ten will use savings to pay bills (30%) CALGARY, Alberta,…
(Bloomberg) — South Africas debt levels will exceed 100% of gross domestic product in 2025 and rise to almost 114% before the end of the decade, according to a document presented by Finance Minister Tito Mboweni and seen by Bloomberg. Mboweni made the presentation to the National Economic Development and Labour Council on Friday, according…
COVID-19 update While COVID-19 continues to spread in some areas of Africa, other countries look to open up. As of this writing, Africa has registered over 275,000 cases and over 7,00 deaths, though testing remains relatively low. Experts do not believe, however, that Africa is out of the woods yet: Earlier this week, the World…
If you’re struggling with a lot of credit card debt, using a personal loan fordebt consolidationmay seem like a silver bullet. One of the most talked-about benefits of using a debt consolidation loan is that it simplifies your payments. Instead of making payments to a handful of credit card accounts with variable APRs, you can…
We see them quite often, those helpline numbers offering specialist help for a variety of community concerns. But when you call that number, who is going to be on the other end of the line? Wagga’s Nick Georgiou is one of the people who you might encounter if you pick up the phone to get…
If you are someone who, in the wake of the recent recession, is behind on credit card payments and lacking cash flow or just facing a financial hardship in general, you may be able to negotiate your credit card debt. Negotiating, or settling, your debt means paying it off for much less than what you…
A global campaign movement is pushing for the debt relief for Africa nations and other poor nations due to the COVID 19 pandemic be extended to cover all of 2021. The movement called ONE says debt relief is one of the fastest, most effective means of freeing up cash in developing country budgets. It says…