Households in London, Hull, and Manchester are among the most likely to seek professional debt help, according to new research. Inner cities and the surrounding areas feature prominently on a new list of UK areas where people have the most debt-related problems. Young people, renters, those on low incomes, and first-time buyers are most vulnerable…
Mobile phone providers need to act more responsibly to help customers avoid debt, starting with letting them set their own monthly bill caps, a charity has said. Citizens Advice has labelled mobile phone companies the worst private sector debt collectors, and said customers should be allowed to take their own steps to limit usage to…
The Association of Superannuation Funds of Australia (ASFA) has urged caution regarding a proposal to allow individuals with a tertiary education fees debt (HELP debt) early access to superannuation to pay off that debt, citing its negative impact on retirement outcomes. ASFA recommends that before any proposal to extend the uses of superannuation is considered,…
Thursday, 21 January 2016 Posted by Kelly Emmerton Many Aussie students use the Government’s Higher Education Loan Program (HELP) to pay for their studies, and now there are calls for super to be used to pay off the debt, ABC reported. Around $30 billion dollars was granted to students through HELP loans last year, and next…
NORTH PROVIDENCE, R.I. It was marketed as a way out of debt, but it led to even more problems for a North Providence woman. Roberta, who asked that we keep her identity private, says she can’t believe she gave away so much personal information. The voice on the phone seemed so helpful and trustworthy. She…
Treasurer Scott Morrison is being urged to introduce a plan to allow graduates to use their retirement savings to pay off government loans to cover course fees. Liberal senator Chris Back says the plan would target graduates in their twenties and thirties who have Higher Education Loan Program (HELP) debts owing to the Government,…
By Rishi Mehra It is common to have debt in some form or the other and it is not bad to have them. However, there may come a time when runaway debt may cause problems and you may need professional help. A look at some scenarios that can indicate you need help to tackle your…
If you’re a physician in Georgia or work with horses in Kentucky, you could be eligible for some significant student loan forgiveness plans. Forty-three million people in the United States owe some amount of student loan debt, according to the Center for American Progress. But some of those borrowers may be eligible for loan-forgiveness programs…
People across Sheffield are expected to seek legal advice this week, as the weight of Christmas sits heavy on their shoulders and bank balances. Harry Harpham, the Labour Member of Parliament for Sheffield Brightside and Hillsborough, said: Many working people are struggling to make ends…
The state of New York is giving some college graduates a break. Those who meet certain criteria will be able to skip payments for two years as part of Gov. Andrew Cuomos Get On Your Feet Loan Forgiveness program. Student loans are one of the greatest challenges that todays recent college graduates face…