County court judgments (CCJs) against struggling borrowers have surged, leaving more vulnerable consumers at risk of being chased for debts as the UK prepares to lift its ban on repossessions. The wind down of some Covid support, including payment holidays introduced at the start of the pandemic, contributed to a record increase in CCJs in…
Whether it’s an outstanding credit card balance, student loans, a new car payment or a first-time mortgage, having debt is common. Yet it’s still a taboo subject that doesn’t get talked about nearly as much as it should, given how universal it is. YouTuber Aja Dang recognized this fact when she decided to document her…
By David Lawder, Karin Strohecker 4 Min Read (Reuters) – Increasing debt distress in emerging markets means that China, now the worlds largest official creditor, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, World Bank Chief Economist Carmen Reinhart told the Reuters Next conference on…
Millions of Californians could get one of the biggest transfers of money in this countrys history as lawmakers and the incoming president duel over competing plans to rid the nation of ten of billions of dollars in student debt. If President-elect Joe Biden follows through with his campaign promise to forgive $10,000 in federal student…
Increasing the financial eligibility criteria will give more people access to debt relief orders and help them get out of problem debt Research shows that more people are seeking debt advice and are likely to require financial relief Proposals have been outlined by the government to increase the financial eligibility criteria for debt relief orders…
Nearly two-thirds of Americans have already received the government’s second round of stimulus checks as part of the latest $900 billion Covid relief bill. The payments up to $600 per individual or $1,200 per married couple and an additional $600 per child under 17 help cash-strapped Americans get by during these uncertain times. But the…
London Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700m in its next tranche of International Monetary Fund (IMF) financing in the coming days, its finance minister said on Monday. Africa’s second-largest oil exporter has been seeking payment relief as it strives to overcome the hit…
By Reuters Staff 2 Min Read LONDON (Reuters) – The Paris Club of international creditors said on Monday it had accepted a request from Kenya for a debt-servicing suspension from January to the end of June. Kenya is committed to devote the resources freed by this initiative to increase spending in order to mitigate the…
January 10, 2021 22:09 ET | Source: United States Small Business Administration Washington, Jan. 10, 2021 (GLOBE NEWSWIRE) — As the U.S. Small Business Administration continues implementation of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, signed into law by President Trump on Dec. 27, 2020, SBA Administrator Jovita Carranza made the…
Accredited Debt Relief uses a process called debt settlement to help you get out of debt. With debt settlement, you’ll stop making payments on your credit cards and other bills, and instead begin setting aside extra money in a dedicated savings account. Once you have 40% to 50% of the amount of each debt saved…