Loans

Law firm GM continues to prevail in fight against consumer debt

BOCA RATON, Florida, January 26, 2021 / PRNewswire / – A recent report from CNBC showed that the average American owns more than $ 90,000 in personal debt. In fact, it is estimated that nearly 80% of all Americans struggle with some form of debt. Many of those experiencing a …

Read More »

£ 2.3bn debt relief granted in 10 years of DRO

The first Debt Relief Order (DRO) was approved 10 years ago in April 2009 with the aim of helping people with low assets and little excess income meet their debts *. Since then, the Insolvency Service has approved over 254,000 DROs to people with debts averaging £ 9,400. People apply …

Read More »

Debt Advice May Worsen Plight For Thousands Of People, Charities Warn

Thousands of people who seek debt advice potentially find themselves in an even worse situation due to the aggressive marketing of repayment plans that they can no longer afford afterwards. Statistics released on Thursday by the UK’s Insolvency Service showed the number of people entering into individual voluntary agreements, which …

Read More »

VA Provides Debt Relief To People Affected By Natural Disasters

the Department of Veterans Affairs recently announced that it would provide debt relief to veterans affected by natural disasters. With the fires raging in the west, hurricanes ravaging the east and the COVID-19 threat still looming in the background, many veterans are facing great hardship, including loss of income, and …

Read More »

Pakistan secures $ 526 million in G20 debt relief

ISLAMABAD: Pakistan on Monday signed debt rescheduling deals worth $ 526 million with three other members of the wealthiest club in the G-20, bringing the overall profit to less than $ 1 billion. Debt rescheduling agreements have been signed with France, Switzerland and China by the Economic Affairs Division, according …

Read More »

Forgiven student loans could become tax exempt under Biden’s COVID relief bill

Student loan borrowers could save thousands of dollars with a provision in President Joe bidenthe $ 1.9 trillion coronavirus relief package. Last week, Senate Democrats nestled in the sprawling bill, the Student Loan Tax Relief Act, to exempt student debt forgiveness from tax. The provision states that anyone whose loans, …

Read More »

Can’t afford to pay your water bill? New municipal program offers relief to low-income families

DOWNTOWN – It’s a vicious cycle. People miss a utility bill, pay to turn the water back on, and then face months of late fees and missed payments. The cycle is all too familiar to many low-income Chicagoans, but a new municipal program will provide these families with lasting debt …

Read More »

Stimulus Check debacle is the reason people don’t trust politicians

In January, Democrats campaigned for Rev. Raphael Warnock and Jon Ossoff in the second round of the Georgia Senate election. One of the main promises Democrats and Substitutes made during this race was that Democrats taking control of the Senate would result in a direct pandemic relief payment of $ …

Read More »

IMF works “intensively” with Sudan to move towards debt relief

Sudan May Benefit From Debt Relief Under Heavily Indebted Poor Countries Initiative the International Monetary Fund (IMF) works “very intensively” with Sudan to establish preconditions for general debt relief, and will assess progress of staff-monitored program in March, IMF managing director said Kristalina Georgieva said on Monday Jan. 18. She …

Read More »

Zambians’ suffering means profits for private creditors

The poor African nation has struggled to convince wealthy banks and investment funds to postpone debt repayment. Zambia has refused to pay private creditors as it struggles to revive an economy hit by the pandemic. (PA) The multi-billion dollar private creditors who refuse rescheduling loan repayments from Zambia, one of …

Read More »