Normal text sizeLarger text sizeVery large text size Student debts are expected to be slashed this year after the federal government announced it was changing the way higher education loans are indexed each year. Were wiping more than $3 billion of HECS debt for more than 3 million Australians, Education Minister Jason Clare said recently.…
NEW YORK — Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills. The share of credit card debt thats severely delinquent, defined as being more than 90 days overdue, rose to 10.7% during…
If you’re a senior who wants to consolidate your debt, there are lots of smart options worth considering. Getty Images Stubborn inflation has continued to impact the finances of Americans across the nation. However, seniors on limited incomes may be feeling a lot of financial pain in particular. After all, rising prices caused by high…
Philanthropists and foundations like the one I work for take a lot of calculated risks. We invest in research, advocacy, strategic communications, technical assistance, and many other activities, hoping they will help us advance our strategic priorities. We evaluate our efforts whenever we can, but many defy measurement assessing the impact of our work is…
If you’re facing problems with credit card debt, there are solutions to consider, experts say. Getty Images With the costs rising for nearly everything due to high and persistent inflation, it’s no surprise that many Americans are turning to credit cards to help pay for essentials. But while this approach can help fill in the…
Key takeaways A personal loan can fund expenses such as debt consolidation or medical costs. Personal loans tend to carry lower interest rates than credit cards, which can make them more affordable for borrowers. Before deciding to get a personal loan, you must consider potential downsides, such as high interest rates, steep fees and a…
Annie Guest: One indicator of how the economy is tracking can be seen in calls to the National Debt Helpline. It’s just had a month of a record number of calls, many from small business owners. And there’s concern shame and a lack of trust stops many indebted Australians asking their banks for help. Jon…
Credit: Rome Reports The Pontifical Academy of Social Sciences gathered top academic experts, economic leaders and religious leaders on 5 June to address the concerning debt crisis in the global south. Those gathered for this event had an audience with Pope Francis, where he spoke of the consequences of mismanaged globalisation. In order to try…
There are smart moves you can make with your debt this June, but there are also a few moves that you should avoid. Getty Images June is upon us and soon, summer will be in full swing. However, if you have debt that you’re having a difficult time dealing with, you likely have other things…
Consolidation of debt on loans involves the consolidation of both large and small debt into one debt. This combination allows the debtor to repay the consumer, mortgage, and other loans in one place. This is very convenient, especially for the debtor. Why is Loan Consolidation Most Beneficial for the Debtor? Having completed the consolidation of…