He would look to Congress to take the next steps, she said. Legal scholars have fallen on either side of the issue of whether Biden has the power himself to address loan relief, with some saying the move would be unlikely to survive a legal challenge. The Trump administration took steps to block broad debt…
A software firm headquartered in Ireland has taken a stake in a Birmingham debt management company. Aryza has invested in Back to Credit which has been trading for more than ten years. Colin Brown, chief executive of Aryza, said: “By partnering with Lily and her team and leveraging their in-depth knowledge of their sector, we…
The Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a briefing earlier…
The Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a briefing earlier…
Like many other debt relief companies, New Era Debt Solutions aims to help consumers out of debt using a strategy known as debt settlement. With debt settlement, consumers stop making payments on their unsecured debts and instead begin saving a fixed amount of money in a separate account. After some time passes, the debt settlement…
With the Covid-19 pandemic driving up government debt across many nations, there are growing calls for debt swaps to be used to help developing nations achieve a green recovery. This week, two separate research teams from the US and China have called for China in particular to implement such debt swaps in exchange for efforts…
By Ben PriceBBC News image copyrightGetty Imagesimage captionMental health charity Hafal said it was being “swamped” by people needing help with their finances The pandemic is creating a “debt time-bomb” according to charities concerned about the impact it is having on people’s mental health. More than 280,000 people in Wales have fallen behind on payments…
President Joe Biden signs an executive order during an event in the State Dining Room of the White House on January 21, 2021, in Washington, D.C. (Photo by Alex Wong/Getty Images) Subscribe to The Nation Subscribe now for as little as $2 a month! Subscribe to The Nation Subscribe now for as little as $2…
{{featured_button_text}} Kiah Treece – Forbes Advisor Generally speaking, the process of debt consolidation involves taking out a new, lower interest loan and using it to pay off existing debts. If you improved your credit score since you obtained your current loansor even if you just struggle to remember individual payment datesdebt consolidation can be a…
Over the years, I’ve had a lot of people tell me what I should and shouldn’t be doing with my money. Sometimes, the advice was unhelpful or just plain wrong. It brings to mind a quote often attributed to Mark Twain. “It ain’t what you don’t know that gets you in trouble. It’s what you…