New app launches to tackle festive debt in London

While the festive season is a time of joy and celebration for many, it often brings financial strain for families already grappling with the cost-of-living crisis. In December, household spending typically rises by an average of £713 – an eye-watering 29% increase compared to other months. This seasonal surge can lead to significant stress, underscoring…

Thai Government Approves Measures to Reduce Household Debt – The Diplomat

Thailand’s cabinet has approved a range of debt relief measures aimed at reducing the nation’s alarmingly high levels of household debt, the country’s Prime Minister Paetongtarn Shinawatra announced yesterday. Speaking to reporters, the Thai leader said that the measures, which will include interest suspensions and reduced principal payments, aim to support retail borrowers and smaller…

How to Pay Off Credit Card Debt

If you have credit card debt, you’re not alone: Americans owe a record $1.08 trillion on their cards, according to credit reporting agency Experian, with the average balance pushing past $6,300. Carrying a large balance increases your debt burden, hurts your credit score and negates any benefits you’re getting from your card’s rewards plan. And with…