Is Singapore’s Debt Consolidation Plan working? Household Debt Data shows mixed signals – The Online Citizen

by ValuePenguin In 2017, the Association of Banks in Singapore introduced a new financial instrument called debt consolidation plan (DCP) to help consumers rein in their bloating debt problem. Essentially, this was meant to help individual borrowers combine their high interest loans into one that could be gradually managed down over 1 to 10 years. But, it also had some…

Education Department’s mishandling of student debt relief claims creating headaches for applicants – Tribune-Review

Updated 1 hour ago Chad Godfroy has saved every email from the U.S. Department of Education since submitting an application to have his federal student loans cancelled in 2015. Despite the continued wait, Godfroy, 38, took comfort in knowing his payments would be postponed as long as his claim was under consideration. He was elated…