For people struggling with mounds of debt, a debt consolidation program can seem like a wonderful thing. These programs promise to take all of your debts and reduce them down to one convenient monthly payment, leaving you with only one bill to worry about and a seemingly direct path to debt freedom. Sounds great, doesn’t…
Backers say it creates uniformity in suits; critics say it benefits unscrupulous companies Sandra Goodwin, 56, is photographed at her home in Stoughton on March 25. In the summer of 2015, Goodwin was sued by a debt buyer she had never heard of, Jefferson Capital Systems. The company had purchased her debt, which originated from…
With a soaring number of tenants falling into financial difficulties as they battle increasing rental costs, charities have identified a worrying trend of escalating debt for those who are frozen out of home ownership. Debt charity StepChange says the number of renters contacting it with difficulty paying off debt in the four years to 2015…
Caixin | Creating a new problem to address an old one may trim the real estate glut in the short term, but it will cause headaches for the economy in the long run. Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by…
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Every month, Amanda Danner and her husband make what feels like a mortgage payment. But they dont yet own a home. Instead, they pay nearly $2,000 simply to service their student debt. Their next-largest monthly expense is the rent on their apartment in Union City, N.J. Its a rough reality, said Danner, a 26-year-old analyst…
CLARKSBURG The Harrison County Commission voted Thursday to deplete the escrow fund to help pay Genesis Partners assessments and fees, stipulating that the remaining costs must be paid by the company by Friday. A total of nearly $1 million is owed by Friday on the Charles Pointe South Land Bay Improvements 2008 Bonds Community Enhancement…
Managing student loans on top of other monthly expenses can be crippling. The Housing and Credit Counseling office in Topeka has seen a marked increase in debtors with student loan problems, counselor Renee Earwood said. Thats not surprising given that nearly $1.3 trillion is owed to student loans in the United States. But the problems…
THE last thing that borrowers struggling with student debt need is to pay for something they could get free. But that has happened to borrowers who have been misled by shady student debt relief companies. The companies, preying on holders of the $1.3 trillion outstanding in student debt, offer to help borrowers obtain lower student…
* Move will help airline reduce debt * Founders to raise combined stake to nearly one-third (Adds details of fund raising, analyst quote) By Anshuman Daga and Saeed Azhar SINGAPORE, April 1 AirAsia Bhd’s founders tightened their grip on Asia’s biggest budget airline with a deal to invest 1 billion ringgit ($257 million) in it,…