With an agreement in place for Kingswood’s private equity backer, HSQ Investments, to take over the company due to its debt levels, questions are being reignited about the risks in the adviser consolidator model — particularly those backed by private equity. HSQ first invested in Kingswood in 2019, providing up to £80mn in growth equity…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
A young professional in her twenties, Shweta (name changed), fell into the world of online money games after seeing an advertisement on social media. What started as casual gaming escalated into an addiction that led her to borrow heavily, attempt suicide, and undergo weeks of recovery at a Mumbai hospital, a TOI report by Nitasha…
Advisers at Openwork now require pre-approval on debt consolidation cases before giving advice, which advisers have warned could see borrowers ‘go elsewhere’. An email from Openwork to advisers stated it is moving all debt consolidation cases to pre-approval prior to the presentation of the advice. It added that further details of this process will be…
New York’s business community is celebrating a major budget win with the state’s decision to wipe out $8 billion in unemployment insurance debt, according to Spectrum News. The move is expected to ease a significant burden on employers still recovering from pandemic-era costs. Ken Pokalsky of the Business Council of New York State said the…
MONTPELIER — A new law will wipe away medical debt for Vermonters and clear it from credit scores. Treasurer Mike Pieciak plans to share updates regular updates on the purchase and forgiveness of medical debt from local providers. On Thursday, Gov. Phil Scott signed the bill into law but shared his concerns with lawmakers. “First, we…
Payday Ventures DALLAS, May 14, 2025 (GLOBE NEWSWIRE) — Payday Ventures, a leading provider of financial solutions in the United States, is proud to introduce new and improved Debt Relief Programs for 2025 through its trusted brand, Viva Debt Help. As more Americans struggle with rising debt, limited savings, and high-interest payments, Viva Debt Help…
When I entered the system to make my payment, I did not find the bill… to my surprise and joy I found the Undue letter, indicating that I owed nothing. It seems incredible to us; we thought we would never finish paying that debt. We never thought that something like this could happen to us.…
By Andrew Norton Labor’s federal election win means university fees and costs are set to change. But some of these changes will not be immediate. Prime Minister Anthony Albanese has already said planned cuts to student debt will be a top priority for the new parliament. A new student debt repayment system will follow soon…
Those eligible will be exempt from interest payments for three years, and their installments will be reduced as follows: 50% of the usual payment in the first year 70% in the second year 90% in the third year Final Settlement Terms to Become More Inclusive For the Jai Pid Job measure,…