Category Archives: Debt Help

KoreConX Announces New Program to Help Equity/Debt Crowdfunding Portals Access Chinese Investors & Companies – Crowdfund Insider

On Thursday, KoreConX  announced its new program that helps equity and debt crowdfunding platforms go truly global by accessing Chinas accredited investor base and companies in need of funding. The program, Going Global Solutions, provides portals with a feasibility study of the marketplace, recommendations regarding the legal and regulatory framework, technology deployment requirements, and operations and support.President and CEO of…

Regulators to help borrowers avoid ‘debt trap’ – Chattanooga Times Free Press

The Consumer Financial Protection Bureau will propose new federal limits today on payday and auto title loans to help borrowers avoid what the agency says is often a “debt trap” for millions of Americans. The federal agency, which was created by the Dodd-Frank law adopted by Congress in 2010 in the wake of the financial…

CAB Causeway launches new Debt Advice service – Coleraine Times

Citizens Advice Causeway has launched a new Debt Advice service across Northern Ireland. The service is aimed at individuals who need help with their debt problems. Statistics show that the percentage of over-indebted individuals in the Causeway Coast and Glens Borough Council area sits at 20.5 percent, thats higher than the UK average of 16.1…

Dark money group’s spending tops $714000 against Puerto Rico debt relief bill – Sunlight Foundation (blog)

Screen shot from Center for Individual Freedom YouTube page The debate over a deal to help Puerto Rico handle its crippling debt obligations continues to rage in Congress and on the airwaves. As we reported in April, the Center for Individual Freedom (CFIF), a 501(c)(4) dark money group, is running an aggressive ad campaign against…

Dark money group’s spending tops $714000 against Puerto Rico debt relief bill – Sunlight Foundation (blog)

Screen shot from Center for Individual Freedom YouTube page The debate over a deal to help Puerto Rico handle its crippling debt obligations continues to rage in Congress and on the airwaves. As we reported in April, the Center for Individual Freedom (CFIF), a 501(c)(4) dark money group, is running an aggressive ad campaign against…

Apollo Tries Self-Help at Claire’s – Bloomberg

Apollo Global Management is reaching back into its playbook.  The private equity investor has been buying up bonds of Claire’s Stores, the jewelry chain it acquired in 2007, Bloomberg News reported late Tuesday. It’s a move that lets Apollo better control the company’s fate, which has been bleak since the firm’s buyout saddled it with more…

Puerto Rico utility board approves rate increase to help secure restructured debt – Utility Dive

Dive Brief: The Puerto Rico Electric Power Authority (PREPA), the U.S. territorys public utility and only electricity provider, has received approval from its governing board for a rate increase of $0.04/kWh to help underwrite of its $9 billion debt restructuring deal.  If approved by the Puerto Rico Energy Commission (PREC), ratepayers will see a $0.013/kWh higher volumetric charge…

Prosecutors Haul Student Debt Relief Company Into Court – Valley News

District of Columbia Attorney General Karl Racine on Wednesday filed a lawsuit against Student Aid Center, a Florida-based debt relief company, and its owners for misleading area residents about the firms ability to lower student loan payments and illegally charging upfront fees before providing the service. Racine found evidence of the company charging fees of…

Student debt relief programs were bogus, feds and Florida charge – ConsumerAffairs

The epidemic of student debt has led to any number of bogus debt relief schemes. The Federal Trade Commission (FTC) and the state of Florida last week took action against two allegedly phony student debt relief schemes, and defendants in a similar FTC action filed earlier this year have agreed to get into another line of…

Vague Promises of Debt Relief for Greece – New York Times

Photo The Greek Parliament building last week. Credit Angelos Tzortzinis/Agence France-Presse Getty Images European leaders congratulated themselves last week for reaching an agreement to provide more loans to Greece and eventually ease the terms of the countrys huge debt. But there is little to celebrate. Greece is bankrupt in all but name. The country has…