Around 1.6 million families in the UK are living with “extreme problem debt”, according to a report released by the TUC and Unison. They say that’s due to a drop in wages with millions paying out more than 40% of their income on repayments. Between 2012-2015 total unsecured debt rose by £48bn to £353bn, not…
Pasquale Longordo, 39, pleaded guilty in Oakland County Circuit Court to two felonies involving a mortgage and debt relief scam.(Photo: Michigan Attorney General) Story Highlights Birmingham man allegedly promised to help modify mortgages but took money to use for personal gain. A credit card debt management service did not negotiate debt with credit card companies.…
Austerity has fuelled a personal debt boom caused by low incomes and wages It is well known that economic growth has still been excessively reliant on households, despite the unprecedented falls in real earnings of recent years. Today the Trades Union Congress publishes analysis that shows just how heavy pressures on some households have become. The…
Austerity has fuelled a personal debt boom caused by low incomes and wages It is well known that economic growth has still been excessively reliant on households, despite the unprecedented falls in real earnings of recent years. Today the Trades Union Congress publishes analysis that shows just how heavy pressures on some households have become. The…
The list of companies deciding to help employees with their student loan debt is growing. Aetna recently announced that next year it’ll match eligible employees’ student loan payments up to $2,000 per year, with a maximum benefit of $10,000. Only 4 percent of companies offer a student loan repayment assistance benefit, according to the latest…
The list of companies deciding to help employees with their student loan debt is growing. Aetna recently announced that next year it’ll match eligible employees’ student loan payments up to $2,000 per year, with a maximum benefit of $10,000. Only 4 percent of companies offer a student loan repayment assistance benefit, according to the latest…
In 2015, 71% of college graduates left school with an average of $35,051 in debt, nearly quadruple the average debt among college graduates in 1993. Thats a lot of debt to be strapped with as graduates make their way into the working world. Fortunately, there are options that can help some borrowers pay off that…
Imagine charging someone for debt relief, when all youre doing is filling out government forms. Thats what has been going on for years when it comes to college loans. And its classic financial exploitation. Desperate borrowers go to websites claiming loan forgiveness and often get charged for free government services. Its clearly a swindle, but federal regulators have …
In 2015, 71% of college graduates left school with an average of $35,051 in debt, nearly quadruple the average debt among college graduates in 1993. Thats a lot of debt to be strapped with as graduates make their way into the working world. Fortunately, there are options that can help some borrowers pay off that debt…
If you have to travel a really long distance, will you take a flight or go on a bicycle? A recent issue of tax-free bonds offering 7.5% received a huge response from investors even though there was a 15-year lock in period. Curiously, the same investors are hesitant to commit funds to equities with a…