What is debt consolidation? Its rolling several debts like credit cards and medical bills into a single payment at a lower interest rate. Ideally, this is part of a plan to become debt-free. When should I consolidate? Debt consolidation is a good idea if you can qualify for a lower interest rate that makes payments more manageable…
CLOSE You can choose the repayment strategy that will boost your psyche or the method that will cost less over time.Video provided by Newsy Newslook File photo taken in 2014 shows a graduate of Northwest Florida State College wears her graduation cap at the school’s commencement ceremony in Niceville, Fla.(Photo: Nick Tomecek, AP) Federal investigators…
IF YOU’RE struggling with runaway debt, be careful who you turn to for help. There’s no shortage of “debt management firms promising rapid solutions to overwhelming debt. Their services typically include bankruptcy advice, formal and informal debt agreements and debt consolidation. Others advertise “cleaning, “repairing, or “washing away default listings on personal credit reports. For…
GET YOUR COMPANY TO HELP Some private companies offer student debt payments — say, $100 a month directly to the loan principal — as an employee benefit, similar to health insurance or 401(k) contributions. A 2016 report from the Society for Human Resource Management found that 4 percent of member companies and organizations surveyed offered…
The TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago. Frances OGrady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt which…
WEST PALM BEACH, Fla. (CBS12) The federal government shut down a debt relief scam operation that took tens of millions of dollars from people. The bad guys targeted seniors who thought they were getting financial help. Now, three men behind the operation are facing a multitude of charges. Tune in to CBS12 at 5…
If the Senate passes budget reforms for higher education, Higher Education Loan Program (HELP) repayments would start earlier, with a wider range of rates: 1% of income for those earning A$42,000, rising to 10% at $120,000. To put this in context, in 2017 the Australian minimum full-time wage is about $35,000 and the average full-time…
Pam Bondi J. Albert Diaz A Miami federal judge issued an injunction against what Florida’s attorney general calls a multimillion-dollar debt relief scam. The Federal Trade Commission and Attorney General Pam Bondi filed a complaint alleging 11 companies falsely promised to consolidate consumers’ debt and improve their credit for fees of hundreds or thousands…
Has your credit card debt spiraled out of control? Are you juggling payments to a long string of creditors, feeling like youre never making a dent in the amount of debt you owe? Even worse, is this debt growing each month because of high interest rates? Faced with this stress, you might be considering a…
Greeces lenders and eurozone partners disappointed Athens once again last night. Despite Alexis Tsipras securing reforms that have made him less popular than Donald Trump, his country has been left to deal with the financial and social costs. Yesterday, The Brief brought you the eurozones great success story, Portugal. Today, its time to look at…