A record number of people struggling with debt sought advice from a charity during the first half of the year. More than 300,000 people contacted the StepChange Debt Charity between January and June – the highest half-year figure it has seen in records going back to 2011. People grappling with unmanageable debt owe on…
UK money management app Pariti has formed a referral partnership with P2P financing outfit Zopa to help users swap out their credit card debt for a consolidation loan. The Pariti app connects to a users existing bank accounts, analyses their spending history, and helps them set a target for improvement. The startup, which claims 70,000…
House price growth slowed in August but buying a property was still 6.9 per cent more expensive than a year ago, new figures show. The Halifax, part of Lloyds Banking Group, said that the average home in the UK cost £213,930. Prices in the three months to the end of August were 0.7 per cent…
by Lamiat Sabin YOUNG adults renting their homes and working in insecure jobs are most likely to struggle with debt, a charity said yesterday as it reported receiving a record number of cries for help. A total of 313,679 people with unmanageable money problems sought advice from StepChange Debt Charity between January and June, which…
by Lamiat Sabin YOUNG adults renting their homes and working in insecure jobs are most likely to struggle with debt, a charity said yesterday as it reported receiving a record number of cries for help. A total of 313,679 people with unmanageable money problems sought advice from StepChange Debt Charity between January and June, which…
HCC currently has over Rs 3,200 crore tied up in arbitration, and with the new norm, the company can get about Rs 2,400 crore (75 percent of Rs 3,200 crore) freed immediately. The company is also confident that within the next 12 months, additional claims worth Rs 5,000 crore would be settled. Reliance Infrastructure ltd.,…
By Josh Boak, The Associated Press More Americans are getting buried by student debt causing delays in home ownership, limiting how much people can save and leaving taxpayers at risk as many loans go unpaid. The statistics look daunting. Student debt now totals around $1.26 trillion. This amounts to a stunning 350 percent increase since…
MASSACHUSETTSA company that allegedly charged hundreds of Massachusetts borrowers unlawful upfront fees and misled them about its affiliation with the federal government will refund those customers, Attorney General Maura Healey said. Under the terms of a settlement, Libre Technology, Inc. which did business under the name Student Loan Service.US will refund $160,000 to more than…
Greece could secure short-term debt relief measures “very soon” if it implements remaining reforms agreed under its bailout program, the head of the euro zone’s bailout fund, the European Stability Mechanism (ESM), said on Saturday. Under a deal signed last year with euro zone countries, the European Central Bank and the International Monetary Fund, the…
The move to fine-tune the total debt servicing ratio (TDSR) is clearly not a relaxation of cooling measures but is best seen as a step to avert hardship during an economic slowdown. The amended refinancing framework announced by the Monetary Authority of Singapore (MAS) on Thursday will protect both banks and home owners, experts note.…