By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counseling–which reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring services–can be an effective strategy for addressing consumer…
Credit: CC0 Public Domain By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counselingwhich reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring servicescan be an effective…
Jacqui Lambie (centre) sits with Centre Alliance Senator Rex Patrick (left) and Stirling Griff during the official opening of the 46th Federal Parliament yesterday. Picture: AAP. Independent senator Jacqui Lambie says she wants to see Tasmanias debt from the federal government relieved if she is to pass Scott Morrisons full tax cuts agenda. Senator Lambie,…
A wave of letters sealed in canary yellow envelopes will descend upon Syracuse, New York, and the surrounding region in just a few weeks. They contain good news for the recipients: Thanks to the efforts of a local high school senior, their medical debt has been wiped out. While some high school seniors were slacking…
The owners of an embattled up-market Perth restaurant are begging the public to help pay their overdue debts after they were forced to shut the business last week. Kiren and Kelli Mainwaring have owned Co-Op Dining, a trendy fine-dining restaurant in the citys east, since 2012. But since closing the restaurants doors, the couple have…
Personal_Finance / Debt & Loans Jul 02, 2019 – 09:18 AM GMT By: Sumeet_Manhas If you have lots of unsecured debts such as credit card loans or student loans, your efforts to repay those debts could chop off a huge chunk of your monthly budget. Thus, you need to choose a good debt relief option.…
On Monday, the Hecs (Higher Education Contribution Scheme) repayment threshold fell to the lowest it has ever been. From now on, anybody earning over $45,881 a year will have to start repaying their student loans effective immediately. Two years ago, the repayment threshold was $56,000, but Australias Coalition government lowered that to $52,000 last year…
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Howard Marks put it nicely when he said that, rather than worrying about share price volatility, The possibility of permanent loss is the risk I worry about and every practical investor I…
For Queensland mum Emily Banks, the first sign something was wrong came when her husbands tax return failed to show up. The entire $790 return had been garnished, and a call to the tax office revealed it was Centrelink who had taken it. This was at Christmas time last year, and the news came as…
A2018 report found that Americans collectively carry $13.29 trillion in debt, which is $618 billion higher than 2008s peak of $12.68 trillion. With debt rising, more people are turning to personal loans to pay off their high-interest debts, whether thats medical bills, credit card balances, student debt, etc. But is taking out apersonal loanto pay…