Text size OSVALDO SILVA/AFP/Getty Images Finance ministers and officials from around the world will gather soon for a virtual annual meeting of the International Monetary Fund and World Bank. Sometimes these gatherings lead to major international announcements. This time, two weeks before the highly consequential elections in the U.S., it would be naive to expect…
As payment deferrals offered during the height of the pandemic come to an end and many Canadians remain out of work or underemployed, experts say if you think you need financial help, the sooner you seek it the better. The Canada Emergency Response Benefit, which came to an end at the end of September, helped…
As payment deferrals offered during the height of the pandemic come to an end and many Canadians remain out of work or underemployed, experts say if you think you need financial help, the sooner you seek it the better. The Canada Emergency Response Benefit, which came to an end at the end of September, helped…
OTTAWA As payment deferrals offered during the height of the pandemic come to an end and many Canadians remain out of work or underemployed, experts say if you think you need financial help, the sooner you seek it the better. The Canada Emergency Response Benefit, which came to an end at the end of September,…
CLOSE When you know a tiny bit aboutsomething, you can walk around in a fog that throws your finances for a total loop. And so begins thestory on coronavirus relief efforts and student loan debt. Increasingly, consumer advocates report hearing from student loan borrowers who haven’t paid a dime on their college loans since March…
He says the secret to the success in getting the loan over the line was taking into account the savings that Teasdale would be making after refinancing with non-bank lender Bluestone. Teasdale went from having to come up with over $13,000 a month to a little over just $4000 boosting cash flow by more than…
Photo by Morning Brew on Unsplash Almost half a million Australians have checked their credit score over the last six months as we wipe away record amounts of credit card debt. According to credit score provider and fintech Credit Savvy, 614,000 Aussies checked their credit score between March and August this year. That’s a 36%…
A student loan debt-relief company has been ordered to pay more than $146,000 as a result of a court judgment against its unlawful and predatory business practices, Attorney General Maura Healey said Wednesday. The judgment was entered in Suffolk Superior Court against Student Loan Relief Inc. and Student Loan Relief of Texas Inc. collectively SLR…
To build back better, we must make sure economic recovery plans also foster resilience to climate change. Debt-for-climate swaps could offer countries debt relief in exchange for a specific commitment to environmental goals. Debt swaps need to free up resources, so payments to climate objectives should be lower than original debt service payments. Due to…
Lenders will no longer be allowed to send out thuggish debt recovery letters under new rules proposed by the Treasury following a campaign by TV money pundit Martin Lewis. The Treasury said the use of legalistic language and block capitals in default notices will be restricted and that the letters will have to be easier…