CREDIT card customers will find it tougher to get plastic under drastic new changes that will force them to repay their debts in just three years. From January 1 cardholders signing up to a new card must prove they can repay the total limit within this time frame. Latest Reserve Bank of Australia data shows…
WASHINGTON Chinese President Xi Jinping promised Monday to cancel debt for some of Africas least-developed countries. Erasing debt tied to interest-free loans has long been a part of Chinas policies in Africa. But the announcement, made at Xis opening speech at the 2018 Forum on China-Africa Cooperation, or FOCAC, comes amid growing concern over…
zhu difeng/Shutterstock If you feel like youre drowning in debt, youre not alone. According to Experians State of Credit report, the average household has $24,706 in non-mortgage debt. That means things credit cards, medical bills or car loans. With such a heavy debt load and high interest rates, digging yourself out from that debt can…
There are two ways to find out whether a debt consolidation loan works for you: math and your own behavior. September 5, 2018 by Mike John Leave a Comment If you have a lot of unsecured debt such as student loans or credit cards, debt repayment can take up a significant chunk of your monthly…
Credit: Getty Royalty Free If you have children, back to school is likely to be on your mind and possibly how you’ll pay for future college bills without leaving them deep in debt. So what can you do? Depending on their stage of life, here are some ways to reduce the burden of student loans…
On Wednesday, Parliaments trade and industry committee adopted the controversial Debt Relief Bill, which is intended to help the heavily indebted. The proposed amendments to the National Credit Amendment Bill strongly opposed by the banking industry and the DA will now go to the National Assembly for adoption. The bill was proposed and developed by…
Farmers in South Australia will be better protected financially after recent legislation on mandatory farm debt mediation was passed in parliament. According to Minister for Primary Industries and Regional Development Tim Whetstone, the new Farm Debt Mediation Act 2018 has brought South Australia in line with other states in its effort to support farmers. South…
BEIJING (Reuters) – China is helping Africa develop, not pile up debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing. President Xi Jinping pledged $60 billion to African nations at Mondays opening of a…
Demand for help with debt is expected to reach a five-year high as more families struggle to pay household bills, according to National Debtline. The charity, which is run by the Money Advice Trust, says it expects to receive 189,000 calls by the end of the year the highest level in half a decade with…
BEIJING (Reuters) – China is helping Africa achieve development, not accumulate debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing. Chinese President Xi Jinping and South African President Cyril Ramaphosa attend the 2018 Beijing…