THE collapse last month of Wonga, a payday lender, was cheered by many Britons. The company, which was the best-known lender in the so-called short-term, high-cost credit market, lent money to people who needed something to tide them over until their next paycheque. It was a notorious firm. A coroners report in 2014 noted that…
CHICAGO, Sept. 12, 2018 (GLOBE NEWSWIRE) — Medical debt is the number one cause of bankruptcy in the U.S. To help consumers faced with mounting medical bills avoid bankruptcy, TransUnion Healthcare announced today that it is supporting the efforts of RIP Medical Debt, a 501(c)(3) nonprofit located in metropolitan New York, but working nationally. RIP,…
New Myer chief executive John King hopes to reverse a long-term slide in earnings as early as this year by cutting back on discounting, closing clearance floors, stocking more exclusive brands and shrinking stores while improving customer service. Unveiling his long awaited turnaround plan, Mr King said his focus was on improving Myer’s bottom line…
Setting financial goals for the short and long-term makes good fiscal sense. Photograph: Natee127/Getty Images/iStockphoto People generally teach themselves how to manage their finances as they become adults, and it seems to work well enough for a while. As you get older, finances become a lot more complex yet there is hesitation to consult anyone…
President TrumpDonald John TrumpOakland Raiders’s Marshawn Lynch sits during national anthem, then scores touchdown Trump declares state of emergency in Carolinas ahead of Hurricane Florence Ex-NFL player tears into Nike: Kaepernick ad like 9/11 and Pearl Harbor MORE allegedly suggested to his chief economic adviser last year that the government should print more money to…
A slew of recent reports have confirmed what debt advice charities already know: more people are getting into debt to utilities providers and local government, not just to retail credit lenders. But what should you do if you can feel yourself sliding into difficulty? If youre struggling to keep up with the regular payments on…
Laurie Campbell Laurie Campbell, CEO Credit Canada Credit Canada Credit Canada Debt Consolidation 42% of Canadians are “freaked out” by their debt, via Credit Canada’s Debt Awareness Survey Credit Canada Credit Can… Read the full article at: https://globenewswire.com/news-release/2018/09/11/1569187/0/en/Psychology-of-debt-Young-Canadians-freaked-out-by-principal-seniors-more-concerned-about-interest-survey.html
Video PlayerClose by Xinhua writer Shi Xiaomeng BEIJING, Sept. 11 (Xinhua) — It used to take more than 10 hours to travel from the Kenyan capital of Nairobi to the African country’s major port city of Mombasa, whether by train on a colonial-era railway or by bus on the potholed highways. Now with the China-built…
Many people bury their head in the sand, choosing to ignore mounting bills and missed payments this can be incredibly stressful and have a significant impact on happiness, health and wellbeing. That being said, its important to do something about it before it gets out of hand. From my own personal experience, figuring out a…
CREDIT card customers will find it tougher to get plastic under drastic new changes that will force them to repay their debts in just three years. From January 1 cardholders signing up to a new card must prove they can repay the total limit within this time frame. Latest Reserve Bank of Australia data shows…