The 2018 budget is being released today by the Chancellor of the Exchequer, Phillip Hammond, and a lot of it aims to help those who have found themselves with long-term debt. Phillip Hammond is set to unveil a plan to solve problem debt, helping those trapped in debt which has been caused by payday loans…
In his speech on Monday Chancellor of the Exchequer Philip Hammond announced there would be targeted support for people repaying debts to help them take control of their finances. But further analysis of the Budget papers revealed the Government wants to increase breathing space given for people in debt. This will provide a 60-day period…
Chase announced earlier this fall that in November it will discontinue its free payment management system Blueprint, due to low participation rates. As part of its tools, Blueprint allowed cardholders to choose purchase categories to pay off in full each month, and to divide a larger purchase into installments. (A spokeswoman said the bank is…
Paying off consumer debt begins with asking yourself a question, according to Adeola Omole, author of 7 Steps to Get Out of Debt and Build Wealth: Whats motivating me? Omole paid off $US70,000 in debt in less than three years and she explained how she did it on Farnoosh Torabis So Money podcast. First, you…
Debt consolidation is the conversion of high-rate debt into lower-rate debt in order to reduce total interest costs. Homeowners with large amounts of credit card debt who have unused borrowing power on their home have a consolidation option. Whether or not it is in the homeowners long-run interest to exercise the option, however, turns out…
College graduates with student loan debt (read: pretty much all college graduates), rejoice and pack your bags. Financial salvation awaits you in the land of lobster and, now, student debt forgiveness. Thats right: Maine will help pay off your student loans if you move to that great northeasternmost state. Excuse me while book my plane…
Millions of Americans face crushing medical debt every day. Its the leading cause of bankruptcy in the country and nearly one in four Hoosiers currently faces the heartache and stress of medical debt now in collections. FOX59 News been digging in to this important story for several months, meeting with families all over Central Indiana…
Debt-burdened owners are advised to sell their cars and walk away from debt. Reuters CAPE TOWN – Over-indebted consumers struggling to make monthly payments on their vehicles caused by the high cost of living and exacerbated by constant fuel increases should not bury their heads in the sand but rather opt to sell before their…
2018 has been the most volatile year for Chinese stocks since the market crash of 2015. However, JP Morgan says the buildup of debt over that time means policy makers will need to use different tools to maintain economic growth. Instead of cutting interest rates, authorities will focus on tax cuts and infrastructure spending, with…
Government debt and borrowing costs for sub-Saharan African countries have been rising in recent years. In several countries, external debt servicing coststhe money needed to cover the interest and principal on debtare now at their highest level since 2003. The rising debt servicing costs are already reducing funding for economic development; Kenya cut its development…