The government needs to step in to help tackle the mountain of debt being racked up by the most vulnerable consumers in Britain, the chief financial regulator has warned, as new data shows that personal debt burdens are continuing to rise. New figures seen by the Guardian showed the worsening consequences of Britains borrowing binge.…
Its only just gone 9am at the Stratford Centre in east London, but the debt advice centre in the shopping mall is already full. Three miles from the gleaming towers of Canary Wharf in a former clothes shop, the borough of Newhams Moneyworks service helps residents struggling to make ends meet. Problems with high cost…
Toys R Us could file for bankruptcy as soon as this week, according to sources familiar with the matter. The sources noted that the bankruptcy plans are not definite, and both its plans to file and its timing could change. A bankruptcy would help simplify a capital structure made complex by its trio of financial…
Image: JobCentrePlus office. Wikimedia/Creative Commons This is a story about the preposterous demands for money made on people who rely on what we used to call the welfare state on councils, housing providers, and the Department for Work and Pensions. Organisations which are supposed to support, not fleece, people in the greatest need. Lets start…
On August 11, 2014, Bradley Dillon was sent a mysterious message: “car park under TAB”. It was 5.20pm and he was at Leichhardt TAB in Sydney’s inner west, after looking at a car with a friend. He left the shop, walking down to the parking structure below. Brad Dillon was shot dead in Leichhardt. Photo: Supplied…
HOUSEHOLD debt in the Clarence Valley is reflecting the alarming figures revealed nationally in the latest report on income wealth and expenditure. Local support agencies like Anglicare and neighbourhood centres are reporting a big increase in the number of people to coming to them for support because they cannot afford to buy food for themselves…
Dear Liz: I am trying to get my finances in order and, like many, I am struggling. The majority of my debt comes from student loans, but I also have unsecured debt that is weighing me down. I work for a nonprofit and know I need to contact my lenders to try to enroll in…
A Republican politician who opposed funding for Hurricane Harvey relief is now in charge of Congressional efforts to help Texas recover from the storm. Texas Representative Joe Barton voted against the $15.25bn federal relief package that Congress offered to help rebuild Texas after the hurricane hit. Mr Barton was one of only 90 Republicans, and four…
by STAFF The Harold Alfond Foundation and the Finance Authority of Maine today announced the first 20 awardees of the Alfond Leaders program, who collectively will receive up to $685,000 in student loan debt relief. The competitive program, which was launched in late February 2017, provides student loan repayment assistance to people who live and…
Alex Wong/Getty Images Many of us are all too familiar with the student loans, but thanks to a new program unveiled by Fidelity Investments, repayment aid from your employer may soon be an option. The problem? It probably wont do much to address the deep racial disparities of the student debt crisis. Advertisement According to…