Private citizens in Mongolia are donating cash, jewelry, gold and even horses to help the government make a near US$600 million payment to bondholders next month. The cash-strapped nation has been embroiled in an economic crisis brought about by a collapse in foreign investment, slowing growth in China and weak commodity prices. Its currency, the…
Mary Esch | AP File photo, students fill their lunch trays at J.F.K Elementary School in Kingston, N.Y., where all meals are now free under the federal Community Eligibility Provision. In Bellevue, Washington, Ford’s tweet moved Beau Gunderson. “I saw a tweet by Ashley C. Ford on Twitter and thought, ‘That is something I could…
Coming to college can be overwhelming. Deciding where to live, shopping for groceries and juggling bills can be a difficult balancing act. College students have to face the financial responsibilities of growing up while dealing with student loans and filing taxes. In their new book, The Official Money Guide for College Students, authors Susan Beacham,…
This post is hosted on the Huffington Post’s Contributor platform. Contributors control their own work and post freely to our site. If you need to flag this entry as abusive, send us an email. It has been hard to find resources to assist senior citizens who are struggling with debt. Not only are they scared…
Debt can be a burden at any age because it can prevent you from getting ahead financially. But debt can be an especially heavy weight in retirement. Making monthly debt payments can leave you with less money to cover necessary expenses especially if you’re living on a fixed income. “If you ignore this situation, it…
Secured loans should be considered as a viable debt solution offering products that are affordable and sustainable. An increasing number of clients are taking out charge products to help with growing debt concerns. Clever Lending says it has seen a sharp increase in broker enquiries on behalf of clients needing to…
(Adds share performance in paragraph 6) By Guillermo Parra-Bernal SAO PAULO, Jan 31 (Reuters) – The Brazilian state of Minas Gerais opposes the sale of the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge…
Historically, personal loans have not been a big draw for brokers. Theyve often been viewed as short-lived small fry, and something easy enough for consumers to take charge of themselves. But are brokers missing out? Annie Kane takes a look at what the personal loan space could offer the third-party channel. If someone came to…
More than 180,000 people across the UK could take out personal loans for debt consolidation in the first three months of 2017, according to Sainsburys Bank. New research from Sainsburys Bank Loans has estimated that this figure equates to 31% of all personal loans taken out during the first three months of the new year.…
According to a study published by Fidelity Investments, more than 70 percent of parents are putting away money to fund their kids college education. Despite that, almost the same percentage of students will graduate college carrying an average of $28,000 in student loan debt. Clearly, there is a gap that needs to be filled. Below,…