Category Archives: Debt Help

USDA Temporarily Suspends Debt Collections, Foreclosures and Other Activities on Farm Loans for Several Thousand Distressed Borrowers Due to Coronavirus – USDA.gov

WASHINGTON, Jan. 27, 2021 Due to the national public health emergency caused by coronavirus disease 2019 (COVID-19), the U.S. Department of Agriculture today announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency (FSA).…

UK debt relief limits under review as economic impact of Covid-19 bites – Out-Law.com

The proposals would see the total amount of debt permissible to enter a DRO increase from 20,000 to 30,000. The value of assets owned by individuals accessing a DRO would increase from 1,000 to 2,000, and the level of surplus income from 50 to 100 per month. DROs were introduced in 2009 as low-cost and…

Don’t fall for these 3 debt consolidation myths – Fox Business

A debt consolidation loan can help you streamline debt repayment. (iStock) If your personal finance goals include paying off outstanding debt, consolidation is one solution to consider. A debt consolidation loan allows you to combine credit card debt and other types of debt into a single personal loan. Continue Reading Below While you could open…

Centrelink debt recovery starts again next month – 9News

Hundreds of thousands of Australians will soon have to start repaying more than $4.5 billion to Centrelink, as the agency’s nationwide pause on debt recovery comes to an end next week. In April last year Services Australia froze 1.3 million debts to ease pressure on household budgets during the COVID-19 pandemic. EXPLAINED: JobKeeper payments slashed…

Is Bankruptcy An Option For Debt Relief Caused By Covid? Law Firm Offers Advice – GlobeNewswire

January 27, 2021 00:43 ET | Source: Oak View Law Group APC Los Altos, United States, Jan. 27, 2021 (GLOBE NEWSWIRE) — Oak View Law Group, a debt settlement and bankruptcy law firm, has launched a new video series discussing how to manage debt during the pandemic. With the social landscape in 2021 set to…

Corporations pile on debt to survive pandemic – Marketplace

The pandemic has left corporations like AMC with no option but to go into debt in order to see another day. Angela Weiss/Getty Images One of the biggest debates in Washington, D.C., is about how much debt the government should take on to get the country through the pandemic. On the corporate level, were seeing…

Does Pandemic Debt Relief Work? by Anne O. Krueger – Project Syndicate

Rather than pursue more debt relief to help the developing world weather the COVID-19 crisis, rich countries should provide pandemic-related necessities directly. Debt relief is so imprecise a mechanism that it is as likely to benefit private-sector creditors as it is to help the poor. WASHINGTON, DC The COVID-19 pandemic has spread globally and will…

At UN conference, PM Imran suggests further debt relief for stressed countries – DAWN.com

Prime Minister Imran Khan on Monday called for further debt relief for stressed countries amid a surge in the coronavirus pandemic around the world and the detection of the new Covid-19 variants, saying “much more needed to be done” to achieve the sustainable development goals (SDGs) by the 2030 target. Addressing the fourth session of…

At UN conference, PM Imran suggests further debt relief for stressed countries – DAWN.com

Prime Minister Imran Khan on Monday called for further debt relief for stressed countries amid a surge in the coronavirus pandemic around the world and the detection of the new Covid-19 variants, saying “much more needed to be done” to achieve the sustainable development goals (SDGs) by the 2030 target. Addressing the fourth session of…

Barclaycard customers face higher minimum payments – BBC News

By Kevin PeacheyPersonal finance correspondent, BBC News image copyrightGetty Images Some Barclaycard customers will see their minimum repayments rise from Tuesday, at a time when finances are already stretched owing to Covid and Christmas. The new requirements are tailored to each customer, although some may see a significant rise in demands. But the changes will…