Labour has pledged to help people caught in a “debt trap” by placing a cap on the total amount that can be paid in overdraft fees or interest payments. Labour claims it could help an estimated 2.7 million people who it says are stuck with permanent overdrafts, saving them the equivalent of £86 each per year. Shadow…
A few years ago you finished high school and diligently headed straight to university where you took advantage of the Higher Education Loan Program (HELP). Once uni was over, you took a job and worked hard for a few years, but the lure of overseas work called. Or perhaps, you were an apprentice and took…
A few years ago you finished high school and diligently headed straight to university where you took advantage of the Higher Education Loan Program (HELP). Once uni was over, you took a job and worked hard for a few years, but the lure of overseas work called. Or perhaps, you were an apprentice and took…
April 29, 2018 Print this page With power comes responsibility. China is already a great power, not least as a lender for development, notably in support of President Xi Jinpings Belt and Road Initiative. Chinese institutions and multilateral bosies under its influence have become significant creditors of emerging and developing countries. This role can only…
The majority of adults will have to deal with managing their debt at some point in their lives. Accumulating owed funds will often see those same people turn to others for assistance in order to remain somewhat in control. Some will look into informal solutions to control their debt, in order to address the…
The Department of Human Services overseeing Centrelink reports an error rate of about 2 per cent in administering payments. There are other, less flattering figures to report, not least that more than 55 million calls to the welfare agency met engaged tones last year. Human Services, regardless of any criticism it’s copped, says “robo-debt” has…
It’s the pet topic of journalists from China’s state-run media machine. Almost every press conference or CEO roundtable at last month’s Boao Forum included a pre-prepared question about President Xi Jinping’s flagship foreign policy the multitrillion-yuan infrastructure project known as The Belt and Road Initiative (BRI). The rhetoric around President Xi’s vision to construct a…
SIOUX CITY — For a while, most Siouxlanders are able to juggle debt by using credit cards to cover food, gas and other monthly essentials. But eventually, Lori Scott, a certified credit counselor at Center For Siouxland, said they get to a point where they’re unable to make payments on that debt. “Student loans become…
Greek Finance Minister Euclid Tsakalotos presented to his colleagues Friday a growth plan that the Greek government will deliver after the end of the financial assistance in August an attempt to give creditors and markets a guarantee that the country will keep reforming the economy even without external help. He told CNBC about the specific…
WFTV buys $1 million in medical debt to help Central Florida families Medical debt collection haunts one out of every five families in Central Florida. Collection agencies buy their debt for pennies on the dollar and demand payment in full. But now Channel 9 Eyewitness News is doing something about it. Action 9s Todd Ulrich decided to buy $1…