By Associated Press Published: 19:35 +10:00, 15 June 2017 | Updated: 19:46 +10:00, 15 June 2017 e-mail LUXEMBOURG (AP) – Greece is hoping to secure more bailout funds to meet a summer debt repayment hump as well as a debt relief deal at a meeting of finance ministers from the 19-country eurozone. The country, which…
U.S. enforcement agencies the Consumer Financial Protection Bureau and the Federal Trade Commission in recent years have closed only seven companies that lured consumers with rosy promises to reduce or forgive student loan debt. But more than 130 student loan debt relief businesses operating during the period had records of questionable or illegal behavior, according…
Greece is hoping to secure more bailout funds to meet a summer debt repayment hump as well as a debt relief deal at a meeting of finance ministers from the 19-country eurozone. The country, which has been promised help on its mountain of debt once its bailout ends next year, is again the main topic…
Hit the brakes before you contact a debt settlement company to grapple with your student loans some may be in hotter water than you are. NerdWallet, a personal finance website, compiled a watch list of 130 entities, representing approximately 100 companies, that provide debt management and consolidation services for student loan borrowers. In all, about…
As the business environment gets tougher, more companies are being forced to borrow heavily, which in turn puts them at risk. Accessing credit has become easier for businesses and when used smartly, this can be used to boost operations. However, startups and small businesses always find themselves struggling with debt when revenues dwindle. Many businesses…
By Associated Press Published: 00:45 +10:00, 15 June 2017 | Updated: 00:45 +10:00, 15 June 2017 e-mail U.S. enforcement agencies – the Consumer Financial Protection Bureau and the Federal Trade Commission – in recent years have closed only seven companies that lured consumers with rosy promises to reduce or forgive student loan debt. But more…
David Lynch, Bartlett, New Hampshire Social worker David Lynch recalls hearing a radio commercial a few years ago from a company that promised student loan forgiveness for people like him employed by nonprofits. Lynch, 39, decided check on the companys credentials. I did try to do a Google search, he says, but there really werent…
As the business environment gets tougher, more companies are being forced to borrow heavily, which in turn puts them at risk. Accessing credit has become easier for businesses and when used smartly, this can be used to boost operations. However, startups and small businesses always find themselves struggling with debt when revenues dwindle. Many businesses…
Student loan counselor Taunya Kennedy knows what its like to be overwhelmed by debt. The 45-year-old single mother has a mortgage and credit card balance, and still shoulders her own college loans after years of postponing payments. On top of working full time for the nonprofit credit-counseling agency Money Management International, Kennedy earns extra income…
FRANKFURT (Reuters) Governments could help euro zone banks reduce their huge bad debt holdings by backing so-called bad banks that could purchase non-performing loans, European Central Bank Vice President Vitor Constancio said on Wednesday. As the euro zones market for bad debt is small and illiquid, bad banks or asset management companies (AMC) could correct…