The single currency plunged as Bloomberg published a report claiming the Greek government is planning a radical restructure of its huge £26.2bn debt pile the management of which nearly led to Greece’s exit from the EU in 2014. Two senior bankers – who did not wish to named – have said Greece is planning to…
Image: Pixabay The pros and cons of debt consolidation If youre considering starting a business, applying for some finance, or just looking to simplify your financial affairs, then you may be considering whether debt consolidation is a step you should be taking. Is debt consolidation right for me? In simple terms, debt consolidation is bringing…
In the thick of open enrollment season, savvy employers and benefit advisers have eased the onslaught of information and complex benefit jargon by spreading out employee sign-up before the mad Fall rush. Employee Benefit Adviser spoke with Jeffrey Faber, HUB International Midwests chief operating officer, to discuss how employers are urging employees to save with…
T he Trump administrations efforts to dismantle the Affordable Care Act are making health insurance less affordable and less accessible, and will almost certainly increase the number of Americans struggling with medical debt. State policymakers can and should act now to protect consumers from crushing medical debt and aggressive debt collection practices. Medical debt accrues…
Australias consumer watchdog has suggested the federal government should consider liberating the NBN from its obligation to deliver profit for Treasury. The Australian Competition and Consumer Commission released its draft report on the communications sector on Monday, with the national broadband network a major topic of discussion. With the national network having to subsidise its…
More than six million Britons dont believe they will ever be debt free, according to new research which has also found the average person in the UK owes £8,000 on top of any mortgage debt. Almost a quarter of all Britons said they are struggling to make ends meet, while 62% said they were often…
CONSUMERS who are considering switching to a balance transfer credit card are mired in debt four times larger than the average Australian balance of $3069. Research by Finder.com.au has found that people researching balance transfer cards owe more than $12,000 on their existing credit cards. Its analysis of 9500 online searches also found they are…
It’s rare to see much positive news about retail banking these days, but for all their faults most big banks have recently taken action in an area where they have long been slammed: credit cards. No doubt in response to community and political pressure, Westpac and Commonwealth Bank have this year started offering cards with…
Trying to answer this raises questions about just how pro-customer or paternalistic, depending on your perspective we should expect banks to be. In a market where consumers often behave irrationally, should banks be trying to help us out, or waiting for us to slip up so they can maximise profits? The humble credit card has…
Chronic debt can only be solved with new legislation, says advice site founder – The National x Abu Dhabi, UAESunday 29 October 2017 Read the full article at: https://www.thenational.ae/business/money/chronic-debt-can-only-be-solved-with-new-legislation-says-advice-site-founder-1.671144