MICHELLE OSullivan didnt hesitate when she was offered the chance to reduce her HECS debt and stay in the country town she calls home. The director at Mathoura Preschool was the recipient of an incentive scholarship that gives $9000 to early childhood educators to help with education costs. Originally from Geelong, Michelle has worked at…
MICHELLE OSullivan didnt hesitate when she was offered the chance to reduce her HECS debt and stay in the country town she calls home. The director at Mathoura Preschool was the recipient of an incentive scholarship that gives $9000 to early childhood educators to help with education costs. Originally from Geelong, Michelle has worked at…
Desperate Queenslanders are reaching out for help after struggling to pay mounting phone and internet bills. More than 137 lawyers, social workers, financial counsellors, NGO workers and professionals were surveyed as part of a report to be released by the Telecommunications Industry Ombudsman and Community Legal Centres Queensland on Friday. Almost half of Queensland’s community…
BANKS owed more than $3.5 billion by Wiggins Island Coal Export Terminal have rejected its latest proposal to change its debt repayment agreement. It is understood the Gladstone facility’s 19 lenders knocked back a proposal for a five-year extension to the September deadline to repay or restructure WICET’s $3.75 billion debt, sending the company back to…
In 2017, the Monetary Authority of Singapore introduced a new financial instrument called debt consolidation plan (DCP) to help consumers rein in their bloating debt problem. Essentially, this was meant to help individual borrowers combine their high interest loans into one that could be gradually managed down over 1 to 10 years. But, it also…
Thursday 08 March 2018 Article by Ben Tosi Aussies cant quite tame the urge to splurge according to recent data from peer to peer lender RateSetter which revealed that 28% of balance transfer credit card holders are nearing the end of their promotional period but havent managed to crush their debt. A popular piece of…
Betsy DeVoss Education Department has mistakenly kicked student loan borrowers out of forbearance. (Ted S. Warren/AP) Chad Godfroy has saved every email from the U.S. Department of Education since submitting an application in 2015 to have his federal student loans cancelled. Despite the continued wait, Godfroy, 38, took comfort in knowing his payments would be postponed as long…
By Arif Sharif March 7, 2018, 3:01 PM EST Access to a debt market teeming with yield-hungry investors is helping some cash-strapped nations in the Gulf Cooperation Council kick reforms down the road. Taking advantage of attractive interest rates, Oman raised $6.5 billion in January, its biggest sale on record, to help bridge deficits. And…
Illustration: Luo Xuan/GT India’s banking system has restructured more than 6 trillion rupees ($92.34 billion) in bad debts over the past three years. The recent $2 billion Punjab (PNB)-Nirav Modi fraud has made it worse. Though statistical methods vary, even the lowest estimate of the bad debt ratio exceeds 10 percent. But it is unlikely…
Betsy DeVoss Education Department has mistakenly kicked student loan borrowers out of forbearance. (Ted S. Warren/AP) Chad Godfroy has saved every email from the U.S. Department of Education since submitting an application to have his federal student loans cancelled in 2015. Despite the continued wait, Godfroy, 38, took comfort in knowing his payments would be postponed as…