The federal government will dramatically reduce the level of bad debt in its $50 billion portfolio of student loans following budget changes that will lower the income threshold for repayments down to $42,000 a year. The budget papers say the proportion of new student loans which are not expected to be repaid will fall from…
Consumers thinking on using debt consolidation for their credit card payments can get helpful insights from an article by National Debt Relief. The article published April 12, 2017 titled “Paying Off Your Credit Card Debt Stress-Free with Debt Consolidation” looks at how the program can help consumers tackle their card payments. Twin Falls, ID (PRWEB)…
The fund-raising mode will prove an important tool for development, say analysts Mumbai, May 8: As many as five more infrastructure companies are moving ahead with issue of infrastructure investment trusts (InvITs) after IRB Infrastructure Developers InvIT got oversubscribed 8.5 times. Market analysts project between 15,000 crore and 20,000 crore being raised through the InvITs…
Puerto Ricos government recently declared that the country will seek bankruptcy under Title III of Promesa, a federal law enacted by the US Congress to deal with Puerto Ricos debt crisis. The decision triggers the beginning of a debt restructuring process, the largest ever registered in the municipal bond market of the US. It was…
David Koch on how to communicate with family about money The Association of Superannuation Funds of Australias chief executive officer Dr Martin Fahy said there should be stability with superannuation settings. THE leaks revealing intricate details of Treasurer Scott Morrisons Federal Budget have been few and far between this year, leaving many Australians unsure of…
Caroline Hannigan organised a cross-country race to raise money for charity But when she got home she found her son being threatened by drug dealers She then decided to use the money to help pay off her son’s £1,000 debt Mrs Hannigan had worked in the primary school for 23 years By Luke Barnes…
The German Finance Ministry on Thursday said that no debt relief measures are being prepared for Greece, in answer to a report by Handelsblatt business daily, Reuters says. The German newspaper reported that Greeces creditors (the European Stability Mechanism, European Commission, European Central Bank and International Monetary Fund) are drafting a document with a series…
The following guest post is courtesy of Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luiss areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. Do you have an idea for a guest…
May 5 The Indian government on Friday tweaked rules to help tackle the record $150 billion in troubled debt accumulated in the nation’s banks. The government may authorize the Reserve Bank of India to direct banks to initiate an insolvency resolution process in the case of a default under provisions of the bankruptcy code, the…
* Handelsblatt said measures under consideration * EU source says document it cites started as ESM paper (Recasts with German finance ministry statement) May 4 No debt relief measures are being readied for Greece, Germany’s Finance Ministry said on Thursday after the Handelsblatt business daily reported measures were under consideration. The implementation of reforms that…