Articles for Debt Payments

Not meeting personal loan eligibility? THESE steps can help you fix it
1 week ago

Not meeting personal loan eligibility? THESE steps can help you fix it

Live Mint  

A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. Unsteady source of income: An unstable job or source of income suggests that the borrower might not be able to repay the loan on time, and therefore, the personal loan application is rejected. Factors such …

Credit Eligibility Debt Personal Loan Income Credit Score Credit Report
Not meeting personal loan eligibility? THESE steps can help you fix it
1 week, 5 days ago

Not meeting personal loan eligibility? THESE steps can help you fix it

Live Mint  

A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. Before knowing how to improve your chances of getting a personal loan, it is important to know the reasons why your loan application would get rejected. Unsteady source of income: An unstable job or source …

Personal Credit Application Debt Loan Income Credit Score
Credit Cards: What is the minimum due amount, and how can you manage it effectively?
2 weeks, 4 days ago

Credit Cards: What is the minimum due amount, and how can you manage it effectively?

Live Mint  

It is sometimes overwhelming to read credit card statements especially when it relates to the minimum balance you owe. What is the credit card minimum amount due? The minimum amount due refers to the least payment that a credit card holder has to make by the due date to keep the account in good standing. Calculating the minimum amount due …

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'Objectively hilarious': Reporter identifies major problem with Elon Musk's big project
1 month, 1 week ago

'Objectively hilarious': Reporter identifies major problem with Elon Musk's big project

Raw Story  

X CEO Elon Musk has been tasked by President-elect Donald Trump to identify and eliminate government waste, but Washington Post reporter Jeff Stein has already identified a major problem with that plan. Writing on Bluesky, Stein noted that a recent Musk post outlining government waste consisted mostly of interest on America's national debt, which is something that the United States …

Payments Interest Elon Musk Stein Interest Payments Jeff Stein
Interest on national debt tops £100bn a year as a result of Labour's Budget borrowing binge
1 month, 3 weeks ago

Interest on national debt tops £100bn a year as a result of Labour's Budget borrowing binge

Daily Mail  

Britain will spend more than half a trillion pounds servicing the national debt between now and the end of the decade, Budget documents reveal. The Office for Budget Responsibility said debt interest payments would total £672billion between 2024-25 and 2029-30 – or more than £100billion a year. Ball and chain: The Office for Budget Responsibility said debt interest payments will …

Budget Debt Reeves Budget Responsibility National Debt Debt Interest Payments
China to unveil massive debt swap program to avert economic crisis
2 months, 1 week ago

China to unveil massive debt swap program to avert economic crisis

China Daily  

China is considering a massive debt swap program worth trillions of yuan to address its economic challenges. The program will focus on alleviating debt pressures facing local governments, boosting corporate performance, and stabilizing the regulatory environment. The central government plans to increase the debt limit by a large scale at once and replace the hidden debt of local governments, without …

Debt Resolution Economic Stabilization Structural Reforms Financial Market Linyi
More student loan forgiveness available, but April 30 deadline looms
7 months, 3 weeks ago

More student loan forgiveness available, but April 30 deadline looms

LA Times  

Californians who obtained federally backed student loans from private banks can have some or all of their remaining debt forgiven by the Biden administration, but they need to act fast: The deadline for qualifying is Tuesday. The Education Department launched the Income Driven Repayment One-Time Adjustment initiative in 2022 to address complaints about loan servicing companies losing track of payments, …

Education Payments Student Loans Debt Loan Department
Biden administration forgives another $9 billion in student debt
1 year, 2 months ago

Biden administration forgives another $9 billion in student debt

India Today  

US President Joe Biden announced another round of federal student loan forgiveness on Wednesday as borrowers brace for payments to restart after a three-year pause that began during the Covid-19 pandemic. He has been relying on a patchwork of different programs to chip away at debt, such as public service loan forgiveness and the SAVE Plan, which lowers payments by …

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What will Biden’s new plan mean for borrowers set to begin paying back their student loans?
1 year, 5 months ago

What will Biden’s new plan mean for borrowers set to begin paying back their student loans?

Associated Press  

NEW YORK — Following the Supreme Court’s decision to effectively kill Biden’s earlier student debt forgiveness proposal, the White House is trying again to ease the burden on those carrying student loans using a different legal approach. Biden said the authority of the act will provide “the best path that remains to provide as many borrowers as possible with debt …

Education Payments Student Loans Debt Loan Administration
What should borrowers do now that Biden’s college debt forgiveness plan is dead?
1 year, 5 months ago

What should borrowers do now that Biden’s college debt forgiveness plan is dead?

LA Times  

Student debt relief advocates gather outside the Supreme Court on Feb. 27 ahead of arguments over President Biden’s loan forgiveness plan. President Biden plans to do just that; the White House said Friday that the Education Department started developing a new rule under the Higher Education Act “aimed at opening an alternative path to debt relief for as many borrowers …

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Why Russia stares at first foreign default in a century?
2 years, 8 months ago

Why Russia stares at first foreign default in a century?

Business Standard  

As the Russian invasion of Ukraine entered its 58th day today, its effects on the world economy are clearly visible now. Due to the series of sanctions, about half of Russia’s $640 billion of foreign currency reserves have been frozen. Meanwhile, Moody’s Investors Service has warned that Russia’s decision to make payments on debt, which was issued in dollars, in …

Russia Payments Debt Default Dollars Debt Payments
Ukraine war deepens debt woes across developing world
2 years, 8 months ago

Ukraine war deepens debt woes across developing world

Live Mint  

The war in Ukraine is making it tougher for many emerging-market governments to make debt payments to foreign creditors, fueling concerns of potential crises that could shake markets and weaken the global economic recovery. While the IMF isn’t forecasting a global debt crisis at this point, “it is very much the risk that we are very concerned about," said Ceyla …

Global War Ukraine Pakistan Sri Lanka Bank Debt
Sri Lanka suspends foreign debt payments temporarily
2 years, 8 months ago

Sri Lanka suspends foreign debt payments temporarily

The Hindu  

Sri Lankan officials on Tuesday said that the crisis-hit country will temporarily suspend foreign debt payments to avoid a hard default, with its limited foreign reserves required for imports of essential items such as fuel. Sri Lanka is due to start talks with the International Monetary Fund on a loan programme next week, with the country suffering from prolonged power …

Sri Lanka Debt Debt Payments Foreign Debt Payments
Sri Lanka to default on external debt of $51 billion pending IMF bailout
2 years, 8 months ago

Sri Lanka to default on external debt of $51 billion pending IMF bailout

Hindustan Times  

Crisis-ridden Sri Lanka announced on Tuesday that it was defaulting on its external debt of around $51 billion pending a bailout from the International Monetary Fund, with whom talks are scheduled this month. The best action that can be taken is to restructure debt and avoid a hard default," Sri Lanka's central bank governor P Nandalal Weerasinghe said. Sri Lanka …

India Sri Lanka Payments Debt Crisis Month Lanka
Sri Lanka to suspend foreign debt payments
2 years, 8 months ago

Sri Lanka to suspend foreign debt payments

Al Jazeera  

Colombo has taken the step as foreign reserves needed to pay for imports of essentials like medicines and food dwindle. Sri Lanka will temporarily suspend foreign debt payments to avoid a hard default, the governor of its central bank has said, pointing to the country’s limited foreign reserves that it needs to keep for imports of essentials such as fuel. …

Sri Lanka Debt Foreign Lanka Sri Imf Rajapaksa
EXPLAINER: Biden extends student loan freeze through August
2 years, 8 months ago

EXPLAINER: Biden extends student loan freeze through August

Associated Press  

The Biden administration on Wednesday announced that federal student loan payments will remain paused through Aug. 31, extending a freeze that began in 2020 but was set to end after this month. Education Secretary Miguel Cardona said the extra time will help his agency prepare borrowers for a “smooth transition back to repayment.” WHO IS ELIGIBLE? He said the extension …

Action Payments Congress Student Loans Debt Democrats
Treasury bars Russia payments in dollars from US accounts
2 years, 8 months ago

Treasury bars Russia payments in dollars from US accounts

Associated Press  

WASHINGTON — The Treasury Department is moving to keep the Russian government from making debt payments at U.S. banks with U.S. dollars, restricting one of the strategies President Vladimir Putin is using to stave off default, an agency official said Tuesday. The Treasury decision comes after the agency previously said sanctions levied on Russia over its invasion of Ukraine still …

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Totally Worth It, Week 1: Make a budget
2 years, 11 months ago

Totally Worth It, Week 1: Make a budget

LA Times  

Five years ago, I was sitting exactly where you are now. All you need to get started is a computer — there’s really too much going on to do this all from your phone — a calculator app, and maybe a pen and paper. I don’t do “cushion,” but I do have “stuff I forgot to budget for,” where I …

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