by George Cochrane QUESTION: I am 55 years old and my only major asset is our family home, valued at $1.3 million with a $900,000 mortgage. Other debts include $60,000 on credit cards, $30,000 in personal loans and $15,000 in miscellaneous expenses. I have about $35,000 in superannuation, while my wife has some $135,000. I earn $15,500…
By John Kelly, Theres an old saying: It takes money to make money. As it turns out, that adage has a flip side: Not having money costs you money. Thats just another of the indignities that poor people face. Its what makes Heather Lynskeys job so challenging. Its also what makes her successes…
News Feed Item Vantage Acceptance Increases Help To Those Needing Debt Settlement for 2016 Vantage Acceptance is helping those around the holidays to get out of debt and be financially stable for 2016. Read the full article at: http://news.sys-con.com/node/3606779
WASHINGTON, DC — Congress passed its catch-all spending bill with little help for Puerto Rico drawing an angry condemnation from the U.S. territory’s governor Friday. The bill passed 318-109 with 166 aye votes from Democrats, several of whom had been insisting the bill include debt relief for Puerto Rico. Several backed the sweeping bill, which…
By Ara Oghoorian Learn more about Ara on NerdWallets Ask an Advisor If youve graduated and started working, and yet you still feel overwhelmed by your student loan payments, there are ways to lessen the load. Federal student loan borrowers may be eligible for a government repayment plan that caps monthly payment amounts based on income. Pay As You Earn,…
MUMBAI: A focus on improving operating efficiency and reduction in investments funded through debt over the past few quarters are helping Corporate India to clean up balance sheets amid the slow economic growth. An analysis by the ET Intelligence Group shows the reserves and surplus of BSE 500 companies stood at a record Rs 26.4…
U.S. lawmakers agreed to extend some health-care aid to Puerto Rico as part of a $1.1 trillion spending bill that would avert a government shutdown, a step that fell far short of the lifeline the Caribbean island was seeking to rescue it from its escalating debt crisis. The legislation, which marks Congresss first step to…
Last Modified: Wed, Dec 16 2015. 12 42 AM IST Top 500 firms will need to generate Rs7 trillion to reduce their leverage ratio to sustainable limits, says Sebi chairman Joining the debate over increasing bad loans in domestic firms, U.K. Sinha, chairman of the Securities and Exchange Board of India, or Sebi, on…
What a difference a year makes. A little over a year ago Chesapeake Energy (NYSE:CHK) CFO Nick Dell’Osso told investors that “Chesapeake has never been stronger financially.” That strength was in large part due to the sale of a huge swath of the company’s acreage in the Marcellus and Utica shale plays to Southwestern Energy…
Saudi Arabia may support Egypt by buying local debt instead of depositing dollars in the Egyptian central bank, a government official said, part of a fresh aid package to help the dollar-starved economy. The two governments are discussing plans for Saudi Arabia to buy Egyptian treasury bonds and treasury bills, said the official, who asked…