The full roll out of Universal Credit, the governments plan to collapse six welfare benefits into one, was delayed in early January. This followed mounting concerns by MPs and months of trenchant criticism of its design, including from the UNs special rapporteur on extreme poverty and human rights. These criticisms are warranted and important. Yet…
Allowing credit unions charge as much as 2% a month for their loans could help prevent people from using hugely expensive money lenders and provide some competition to banks charging large amounts on credit cards, industry and consumer advocates have said. Lifting the cap to 2% from 1% on the maximum monthly charge for credit…
Happy New Year.Welcome to 2019 and just a little advance warning theres a local election coming across the city in less than four months. For many in our city though the thought of a happy new year or any sense of excitement from the coming local elections will be completely absent. Increasingly, ongoing Tory austerity…
Britains household debt mountain has reached a new peak, with UK homes now owing an average of 15,385 to credit card firms, banks and other lenders, according to the TUC. The trade union body said household debt rose sharply in 2018 as years of austerity and wage stagnation forced households to increase their borrowing. The…
For the first time in our history, Australians have tallied up a staggering collective credit card debt of almost $30billion. The terrifying statistic was the result of frenzied Christmas shopping meaning many Aussie households are heading into 2019 with a financial hangover. According to a new forecast of Reserve Bank of Australia (RBA) data analysed…
Ahead of the season two premiere of “grown-ish” on Wednesday night, Freeform teamed up with the scholarship app Scholly to help pay off student loan debt. In the promo, Freeform announced it has partnered with Scholly on a program that will pay off up to $125,000 in student loan debt. [embedded content] Current students and…
Many people juggle between a load of bills and loans. If you are one of them, you have to do something to repay this debt. Debt consolidation can be a good option for you to roll away high-interest debts. A person with a manageable amount of debt can regroup multiple bills with different due dates,…
Decisions about higher education are already stressful enough without having to worry about the high cost of obtaining a college education or questioning the value of your degree, Brnovich said. Weve secured $22 million in debt relief for Arizonans that will help thousands of students who were saddled with large debts and degrees that were…
As part of the agreement, the company is expected to forgo collecting nearly $493.7 million in debts owed by former students, including an estimated $12.2 million for about 4,800 Ohioans. This settlement will provide debt relief for thousands of former students, and it will require Career Education Corporation to take specific steps to help prospective…
FRANKFORT Attorney General Andy Beshear announced Friday a consumer protection settlement benefiting nearly 700 students in Kentucky and Southern Indiana who attended one of the states for-profit colleges, Spencerian. Under the terms of the settlement, Sullivan University, which owned Spencerian, has agreed to forgive more than $1.7 million in private loan debt and provide other…