With a soaring number of tenants falling into financial difficulties as they battle increasing rental costs, charities have identified a worrying trend of escalating debt for those who are frozen out of home ownership. Debt charity StepChange says the number of renters contacting it with difficulty paying off debt in the four years to 2015…
Caixin | Creating a new problem to address an old one may trim the real estate glut in the short term, but it will cause headaches for the economy in the long run. Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by…
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Every month, Amanda Danner and her husband make what feels like a mortgage payment. But they dont yet own a home. Instead, they pay nearly $2,000 simply to service their student debt. Their next-largest monthly expense is the rent on their apartment in Union City, N.J. Its a rough reality, said Danner, a 26-year-old analyst…
CLARKSBURG The Harrison County Commission voted Thursday to deplete the escrow fund to help pay Genesis Partners assessments and fees, stipulating that the remaining costs must be paid by the company by Friday. A total of nearly $1 million is owed by Friday on the Charles Pointe South Land Bay Improvements 2008 Bonds Community Enhancement…
Managing student loans on top of other monthly expenses can be crippling. The Housing and Credit Counseling office in Topeka has seen a marked increase in debtors with student loan problems, counselor Renee Earwood said. Thats not surprising given that nearly $1.3 trillion is owed to student loans in the United States. But the problems…
THE last thing that borrowers struggling with student debt need is to pay for something they could get free. But that has happened to borrowers who have been misled by shady student debt relief companies. The companies, preying on holders of the $1.3 trillion outstanding in student debt, offer to help borrowers obtain lower student…
* Move will help airline reduce debt * Founders to raise combined stake to nearly one-third (Adds details of fund raising, analyst quote) By Anshuman Daga and Saeed Azhar SINGAPORE, April 1 AirAsia Bhd’s founders tightened their grip on Asia’s biggest budget airline with a deal to invest 1 billion ringgit ($257 million) in it,…
Two years ago, the International Monetary Fund (IMF) expressed concern that African countries rushing to issue Eurobonds risked raising their debt levels and undermining growth in the process. The argument detailed that they could end up facing hikes in the exchange rates, which would make repaying debts problematic. Today, several of those countries which the IMF expressed those…
ADVISERS from Citizens Advice East Staffordshire are there to offer people help sort out problems with debt. ANDREW MUSGROVE reports. DEBT can be a scary word. For a short, four letter word, it can really spark fear in people pushing them into a dark and dangerous spiral where they feel they have nowhere to turn.…