Category Archives: Debt Help

Better tax collection can help tackle rising debt in Africa and the challenge of development finance – Brookings Institution (blog)

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…

Real-time payroll deposits would make a huge financial difference for strapped workers – USA TODAY

Tim Chen, Opinion contributor Published 4:00 a.m. ET Oct. 22, 2018 | Updated 7:33 a.m. ET Oct. 22, 2018 Many workers are caught in a cycle of debt. Real-time payroll deposits would help them avoid high-interest payday loans and connect to banking services. In Phoenix on April 6, 2010.(Photo: Ross D. Franklin/AP) The fundamental structure…

The Mortgage Professor: Debt consolidation during a period of rising interest rates – PostBulletin.com

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…

Gardner bill would let employers help pay student loan debt – KOAA.com Colorado Springs and Pueblo News

[embedded content] COLORADO SPRINGS Walking across the stage, receiving a diploma and finishing college for many, its supposed to signify the end of years of education and the beginning of a professional life. Theres just one problem: student loan debt. We have a big problem. Student loan debt is now about $1.5 trillion in the…

Judge unblocks Obama rule on student debt relief after delays by DeVos – KCTV Kansas City

An Obama-era rule designed to help students cheated by for-profit colleges get relief on their education debt finally took effect Tuesday after efforts by the Trump administration to block it. A federal judge ordered immediate implementation of the rule, delayed last year by Education Secretary Betsy DeVos, while a challenge from the for-profit college industry…

P&I switch could worsen senior debt stress – Mortgage Business

There has been a significant increase in calls to debt assistance services by seniors this year, including those struggling with their mortgage repayments. According to recent statistics from the National Debt Helpline, a free independent service launched in 2011 for Australians experiencing financial difficulty, the helpline received more than 120,000 calls from January to August…

Judge unblocks Obama rule on student debt relief – KEYT

Ian Berry/CNNMoney Ian Berry/CNNMoney … Read the full article at: https://www.keyt.com/news/education/judge-unblocks-obama-rule-on-student-debt-relief/807888198

Judge unblocks Obama rule on student debt relief – WKMG News 6 & ClickOrlando

(CNN) – An Obama-era rule designed to help students cheated by for-profit colleges get relief on their education debt finally took effect Tuesday after efforts by the Trump administration to block it. A federal judge ordered immediate implementation of the rule, delayed last year by Education Secretary Betsy DeVos, while a challenge from the for-profit…

New debt law will help UAE financial markets – The National

The new Public Debt Law enabling the UAE to issue sovereign bonds will help to deepen the capital markets in the second-biggest Arabian Gulf economy, enabling the country to tap a wider pool of financing options and creating a government yield curve to bolster secondary debt market in the UAE. The debt law represents a…

Debt Consolidation During a Period of Rising Interest Rates – Forbes

Debt Consolidation OptionsCan Stock Photo / focalpoint 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…