Category Archives: Debt Help

Puerto Rican Debt Holders Respond to Catastrophic Hurricane by Offering Puerto Rico More Debt – The Intercept

Puerto Rico, facing absolute devastation after Hurricane Maria barreled through last week, desperately needs immediate funding to restore critical infrastructure, particularly its hobbled electric grid. The entire island home to over 3.5 million American citizens, roughly equivalent to the state of Connecticut lost power, and satellite imagery shows how little electricity has come back. This…

Home Lenders Woo Millennials With Student Loan Assistance – PYMNTS.com

Share Tweet Share Share Share Print Email With millions of Americans shackled by massive student loan debt, one home lender is trying to entice potential buyers by paying off a chunk of their student loans when they purchase a home. According to news in The Wall Street Journal, Eagle Home Mortgage a subsidiary of Lennar…

‘Hounding’ debt collectors stress private college students – The Age

Jenni Woods has had a tough life, but hoped a veterinary nursing course would set her up for a bright future.   The 58-year-old has severe epilepsy and when her symptoms subsided in May 2014 she enrolled in a course at Open Colleges. Jenni was slugged $5487 for a course at a private college that she never started,…

Put people above debt: San Juan mayor – NEWS.com.au

San Juan’s mayor urged the United States to prioritise “people above debt” as it helps rebuild from the devastation of Hurricane Maria, after President Donald Trump said that the island’s crippling debt “must be dealt with.” Maria slammed into the US territory of 3.4 million people last week as the most powerful hurricane to Puerto…

Puerto Rico begs for help after Hurricane Maria caused a ‘humanitarian crisis’ – NEWS.com.au

US PRESIDENT Donald Trump is finally tweeting about hurricane-ravaged Puerto Rico but his message has sparked outrage among residents struggling with the devastation. Hurricane Maria slammed into the US territory of 3.4 million people last week, the most powerful hurricane to hit Puerto Rico in almost 90 years, destroying homes and knocking out power. Amid…

Debt Solutions – MoneySavingExpert

Formal debt resolution tools Get Our Free Money Tips Email! For all the latest deals, guides and loopholes – join the 12m who get it. Don’t miss out Amy | Edited by Johanna Updated August 2017 “); } var overlay = $(“.popupOverlay”); function popUpDiv(popID) { if(openDiv){ if(openDiv!=popID){ closePopupDiv(openDiv); } } var scrollTop = getScrollY(); var…

Here’s What Has to Happen for Puerto Rico to Recover After Maria – Fortune

Only a few days after heaving a collective sigh of relief when Hurricane Irma narrowly skirted Puerto Rico, the U.S. territory has suffered its worst storm in a century. The passage of Hurricane Maria over the islands that comprise Puerto Rico has led to a massive breakdown in infrastructure of all sorts. From electricity to…

Demand debt relief for hurricane-hit islands – CADTM.org

A petition to all creditors, including the IMF IMFInternational Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates. When the Bretton Wood fixed rates system came to an end in 1971,…

Bank of England warns a consumer debt crisis could cost banks £30bn – The Guardian

The Bank of England has issued its strongest warning yet about the UKs ballooning consumer debt, saying Britains banks could incur £30bn of losses on their lending on credit cards, personal loans and for car finance if interest rates and unemployment rose sharply. After assessing the fast growth in the consumer credit market, Threadneedle Street…

Banks asked to set aside extra £10BILLION to cover losses from people who might not be able to pay debts – The Sun

BANKS have been asked to set aside an extra £10 billion to cover losses from people who can’t pay debts on car loans and credit cards. This morning the Bank of England warned that rising interest rates and high unemployment levels could mean that one in five consumer credit loans might have to be written…