Greeces creditors are getting closer on a deal to ease the countrys debt burden, according to Eurogroup President Mario Centeno. Greeces 86-billion euro ($106-billion) bailout program is set to run out in August, and creditors are working on finding a compromise on debt repayments that would help to manage the countrys financing needs after it…
NEW YORK (WABC) — From everyday shopping to charging student loans, medical bills and all those unforeseen expenses — credit card debt has ballooned. Most Americans carry at least $5,500 on plastic, and the fees are keeping us in a revolving door of debt. “If you have multiple high-interest credit cards, it’s going to become…
Loading A horror story is coming The IMF does not take into account the near certainty of a global downturn at some point over the next five years. A deep recession would push the deficit into double digits, and send the debt ratio spiralling towards 140 per cent in short order. There is no justification…
The Republic of Congos plan to restructure its debt wont affect holders of its Eurobonds, Prime Minister Clement Mouamba said. Yields on the notes fell for the first time in four days. The oil-producing central African nation owes creditors at least $9.14 billion and sought support from the International Monetary Fund last year. A three-year…
Debt consolidation maximises the potential for big savings on monthly repayments and interest charges. Read on below to know how to begin an effective debt consolidation. Debt consolidation is the combination and integration of debts into a single loan to lower overall interest rate. With debt consolidation, business owners can be able to deal with…
Legal Aid NSW’s Patricia Simpson (left) and Heidi Campbell where providing advice at Glen Innes court house last month, and now the ‘Fines Fare’ is coming to Tenterfield. Do you fear getting another demand notice in the mail or online for an unpaid bill? Are you a disqualified driver who cant get to work to…
Legal Aid NSW’s Patricia Simpson (left) and Heidi Campbell where providing advice at Glen Innes court house last month, and now the ‘Fines Fare’ is coming to Tenterfield. Do you fear getting another demand notice in the mail or online for an unpaid bill? Are you a disqualified driver who cant get to work to…
A black wrecking ball, with the word DEBT written on it, on top of a floor that it has obviously broken upon landing Getty Images When your credit card bills are piling up and youve got little hope of ever paying them down, the option that comes with the most risk can feel like the…
Distressed debt experts and investors are approaching Myer offering to help refinance banking facilities as the beleaguered department store retailer moves closer to appointing a new chief executive. Sources close to Myer say boutique financial adviser Houlihan Lokey which helped restructure about $500 million of debt at South African retailer Edcon in 2016 and is advising lenders to heavily indebted US department…
Most recent estimates show the Higher Education Loan Program (HELP) debt owing is nearly A$52 billion in 2017-18. Its forecast to increase to A$75 billion by 2020-21 and up to 25% of those loans are unlikely to be paid. Legislation to lower the initial HELP repayment threshold from A$55,000 to A$45,000 (with a rate of…