During the pandemic-created recession, when millions of Americans are strapped for cash, youd think that more of us would turn to credit cards to help tide us over. It appears that just the opposite has happened, though. Before 2020, consumer credit card debt grew for eight consecutive years, hitting a record high of $829 million…
Tuesday, 1 December 2020, 6:22 amPress Release: Business NZ BusinessNZ says a 10-month extension of rules allowing businesses to put their debt on hold will give confidence to companies and their employees. The Government introduced the debt hibernation scheme earlier this year as part of relief measures aimed at cushioning the economic impacts of the…
Getty Images Millions of student loan borrowers have just one month left to figure out how they’re going to resume monthly payments on their education debt while the coronavirus pandemic is still crushing the economy. Monthly payments for most federal student loans have been on pause since March, when the CARES Act gave 42 million…
Post Views: 116 Life is harder when you have a lot of debt. Its even more challenging when you have bad credit. These two things together are going to limit how you live your life. Fortunately, there are options for people in this situation. Heres what to do after debt consolidation with bad credit. Stick…
The Government has today announced the extension of the business debt relief through to October 2021 for those business affected by the Covid-19 pandemic. Your playlist will load after this ad The Government announced the extension this morning. Source: 1 NEWS In April, the Government announced a raft of new measures to provide relief for…
Observe these dos and donts when using a Debt Consolidation Plan (DCP) to manageoverwhelming credit card debt. When debt coming from multiple credit cards becomes too much to handle, a Debt Consolidation Plan (DCP) can help rebuild your financial life. Weve explained how a DCP works in Singapore. In a nutshell, it combines all your…
Thursday, 26 November 2020, 4:45 pmPress Release: MoneyHub MoneyHub’s re-launched guide to debt consolidation loans helps explain the benefits of combining debts into one loan. For homeowners, the guide explored the option of a revolving mortgage facility which can work out to be significantly cheaper than a new loan. MoneyHub’s Senior Researcher Christopher Walsh said:…
Do you feel like youre drowning in debt? Dont raise the white flag just yet. Make sure youve considered all available options when it comes to paying your debts. Have you tried debt consolidation? If its your first time hearing about it, this might bring hope to your ailing financial condition. Debt consolidation may sound…
Phone and internet customers say they are being disconnected, harassed by debt collectors and generally treated harshly by their telco providers when they need help, negatively impacting mental health. Key points: The Consumer Action Law Centre has released a report detailing the failures of telco providers to help customers with mounting debt One woman said…
For almost 15 years, Trygve “Spike” Magelssen says he faithfully paid down his student loans each month, slowly chipping away at the original debt of $53,000, even as medical bills, a home improvement loan and other costs left him “financially up against a wall.” Then in late 2018, Magelssen, an associate professor of electrical technology…