Debt consolidation is an umbrella term for combining various debts into a single one. This can be done through a loan, using a balance transfer credit card, or through a specialized agency, among other options. The goal is to make the new debt more manageable by having one lender, one monthly payment and one interest…
GRIFFIN, Ga. (CBS46) — A report by creditcard.com says more than half of America got itself deep into debt during last year’s pandemic. Abasi Kitt did his best to work out a payment plan. Kitt is a Marta Bus driver who accrued over 35,000 dollars in debt. He searched for a debt relief company that…
In March, President Joe Biden signed into law the American Rescue Plan. Included is the Emergency Relief for Farmers of Color Act. It provides $4 billion in debt forgiveness to socially disadvantaged farmers and ranchers whove taken out Farm Service Agency loans. Latresia Wilson is Vice President and Co-Founder of the Florida Chapter of the…
Up to 170 jobs are at risk at the debt advice charity StepChangebecause of reduced demand for its services. The charity has slightly more than 1,500 staff, according to its latest accounts, in offices around the UK. Unite the union said in a statement that the StepChange offices in Leeds and Newcastle upon Tyne would…
Black women were hit the hardest with income loss this year. Whether you lost a job or had to close down your business or downsize your clientele, collectively, the pandemic hit our pockets the hardest. According to U.S. News, Black women had a 6% drop in employment in 2020. That income loss affects how we…
Student federal loan repaymentsand interest on that debthave been paused during the pandemic, thanks to federal COVID-19 relief legislation. As of October 2021, however, some 44 million borrowers who owe an estimated $1.7 trillion will have to start repaying debt that has grown exponentially over the past decade and a half. Many are ill-prepared to…
Financial research website Moneyhub has compiled the 12 ‘Sacred Rules’ of credit cards every cardholder should follow, if they don’t want to fall victim to easy, and expensive, consumer debt. OPINION: Its funny when we mention debt or hear about it in the news, we automatically seem to think it is a bad thing. Dont…
Denise Dunckel | The Fayetteville Observer Across America, legislators at the state and national level have their hands full. As the COVID-19 pandemic slows our return to normalcy, policymakers and regulators are managing the continued economic fallout amid countless other issues, trying to do whats best for their constituents. In North Carolina, however, the state…
However, the U.S. Department of Agriculture Farm Service Agency announced on Friday that notices to disadvantaged farmers are going out, explaining that the debt relief money is now available, and that the agency expects to start paying the Farm Service Agency direct loans in early June. Advertisement Story continues below advertisement Civil rights activists have…
While battling advanced colon cancer, Robert Armour never wavered in his legal fight for student loan cancellation after the abrupt closure of his school, Argosy University-Schaumburg in Illinois. His effort paid off. Nearly one and a half years after suing the Education Department and former education secretary Betsy DeVos, Mr Armour succeeded. Before leaving office…