Apollo Global Management is reaching back into its playbook. The private equity investor has been buying up bonds of Claire’s Stores, the jewelry chain it acquired in 2007, Bloomberg News reported late Tuesday. It’s a move that lets Apollo better control the company’s fate, which has been bleak since the firm’s buyout saddled it with more…
Dive Brief: The Puerto Rico Electric Power Authority (PREPA), the U.S. territorys public utility and only electricity provider, has received approval from its governing board for a rate increase of $0.04/kWh to help underwrite of its $9 billion debt restructuring deal. If approved by the Puerto Rico Energy Commission (PREC), ratepayers will see a $0.013/kWh higher volumetric charge…
District of Columbia Attorney General Karl Racine on Wednesday filed a lawsuit against Student Aid Center, a Florida-based debt relief company, and its owners for misleading area residents about the firms ability to lower student loan payments and illegally charging upfront fees before providing the service. Racine found evidence of the company charging fees of…
The epidemic of student debt has led to any number of bogus debt relief schemes. The Federal Trade Commission (FTC) and the state of Florida last week took action against two allegedly phony student debt relief schemes, and defendants in a similar FTC action filed earlier this year have agreed to get into another line of…
Photo The Greek Parliament building last week. Credit Angelos Tzortzinis/Agence France-Presse Getty Images European leaders congratulated themselves last week for reaching an agreement to provide more loans to Greece and eventually ease the terms of the countrys huge debt. But there is little to celebrate. Greece is bankrupt in all but name. The country has…
The only true misfortune I have blessedly thus far experienced in my life has been belonging to the generation that was indoctrinated with the idea that after high school you had to go to college. There was no refusal, no rebuke to the wisdom of our baby boomer or early Generation X parents. Your only…
National Debt Relief recently shared in an article published April 15, 2016, how finding a loved one plays into the whole financial management goal of a person. The article, titled “Want To Achieve Financial Success? Choose Your Life Partner Wisely,” takes a look at how emotions can be a crucial factor in people’s finances. New…
On Thursday the Congressional Black Caucus PAC, with a 20-member board including 11 lobbyists, 7 elected officials, and 2 people who work for the PAC, endorsed Debbie Wasserman Schultz. The CBC-PAC is the political arm of the Congressional Black Caucus. If this is supposed to mean black folks have confidence in Debt-Trap Debbie, the CBC-PAC,…
Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced…
Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced…