The U.S. Department of Education announced today that it will provide $37 million in student debt cancellation for some 1,200 former students who contend they were scammed by the University of Phoenix, which has long been the largest for-profit college and has received tens of billions in taxpayer funding. The University of Phoenix brazenly deceived…
Leaders of 20 U.S. cities and counties, representing more than 1.2 million borrowers with nearly $50 billion in student debt, wrote to President Joe Biden on Thursday demanding swift action on long-promised and long-delayed relief. Biden’s first plan to cancel up to $20,000 per borrower was struck down by the U.S. Supreme Court in June.…
This article is the latest part of the FTs Financial Literacy and Inclusion Campaign Mortgage borrowers may have breathed a sign of relief this week as interest rates appeared to reach their peak. But look beyond the headlines and a much nastier, harder-to-solve debt problem is lurking. I am talking about the record 22bn UK…
JUMP TO Section Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. National Debt Relief Overview How National Debt Relief Works How Much Does National Debt Relief Cost? How National Debt Relief Compares to the Competition National Debt Relief Frequently Asked Questions National Debt Relief Overview How National…
Home equity loans can help consolidate your debt, often at a lower interest rate than some alternatives. Getty Images/iStockphoto Home equity loans let you borrow against the equity you’ve built in your home. For example, if your house is worth $500,000 and you owe $300,000 on it, you’d have $200,000 in potentially tappable equity. “By…
Consumer credit card debt is at an all-time high. Add to that trillions of dollars in mortgages, personal lines of credit, home equity lines of credit, and student and personal loans on top of that. People are tapped out and struggling to get your debt under control can feel overwhelming. If youre considering getting help…
STAFFORD, Texas, Sept. 19, 2023 (GLOBE NEWSWIRE) — Money Management International (MMI), a nonprofit credit counseling and debt management organization, today released data showing an increase in debt distress across all age groups in August 2023 compared to August 2022.The data shows that the average number of clients seeking help from MMI increased by 40%…
UK households have one of the highest debt levels in the world. Steadily increasing in the last two decades, the average total debt per household (including mortgages) is 65,619 as of August 2023. This is 34,644 per adult, or around 103.5% of average earnings. As indebtedness has steadily increased over the last two decades, household…
Otherwise good debtors who were affected by the pandemic could seek help Deputy Finance Minister Julapun Amornvivat attends a special cabinet meeting on Sept 6. (Photo: Chanat Katanyu) The Ministry of Finance plans to suspend debt payments for one year for certain small and medium-sized enterprises (SMEs) that faced unusual circumstances because of the pandemic.…