With an agreement in place for Kingswood’s private equity backer, HSQ Investments, to take over the company due to its debt levels, questions are being reignited about the risks in the adviser consolidator model — particularly those backed by private equity. HSQ first invested in Kingswood in 2019, providing up to £80mn in growth equity…
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A young professional in her twenties, Shweta (name changed), fell into the world of online money games after seeing an advertisement on social media. What started as casual gaming escalated into an addiction that led her to borrow heavily, attempt suicide, and undergo weeks of recovery at a Mumbai hospital, a TOI report by Nitasha…
Advisers at Openwork now require pre-approval on debt consolidation cases before giving advice, which advisers have warned could see borrowers ‘go elsewhere’. An email from Openwork to advisers stated it is moving all debt consolidation cases to pre-approval prior to the presentation of the advice. It added that further details of this process will be…
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Experian’s ReFi technology has already enabled the lending of over £70 million debt consolidation loans, significantly reducing monthly debt repayments for consumers by £1391 A typical customer taking out a ReFi enabled loan on the Experian credit comparison marketplace has saved over £5,000 in interest over the term of a 36-month loan1 London, UK –…
New York’s business community is celebrating a major budget win with the state’s decision to wipe out $8 billion in unemployment insurance debt, according to Spectrum News. The move is expected to ease a significant burden on employers still recovering from pandemic-era costs. Ken Pokalsky of the Business Council of New York State said the…
MONTPELIER — A new law will wipe away medical debt for Vermonters and clear it from credit scores. Treasurer Mike Pieciak plans to share updates regular updates on the purchase and forgiveness of medical debt from local providers. On Thursday, Gov. Phil Scott signed the bill into law but shared his concerns with lawmakers. “First, we…
Payday Ventures DALLAS, May 14, 2025 (GLOBE NEWSWIRE) — Payday Ventures, a leading provider of financial solutions in the United States, is proud to introduce new and improved Debt Relief Programs for 2025 through its trusted brand, Viva Debt Help. As more Americans struggle with rising debt, limited savings, and high-interest payments, Viva Debt Help…
When I entered the system to make my payment, I did not find the bill… to my surprise and joy I found the Undue letter, indicating that I owed nothing. It seems incredible to us; we thought we would never finish paying that debt. We never thought that something like this could happen to us.…