Tag #Debt Relief

elpais.com
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Andalusian PSOE Proposes New Regional Financing Model, Criticizing Madrid's Tax Cuts

The Spanish Ministry of Finance will meet on February 26th to discuss regional funding, while the Andalusian PSOE proposes a new financing model criticizing Madrid's tax cuts and advocating for increased public service funding and a stronger Interterritorial Compensation Fund, aiming for fairer dist...

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52% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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Credit Card Debt Forgiveness: Weighing Benefits and Risks in a High-Rate Environment

High US credit card debt, driven by elevated interest rates (near 23%), increased spending, and inflation, is prompting many to explore debt forgiveness programs; however, these programs offer potential benefits like lower settlements and simplified repayment but come with risks such as credit score...

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48% Bias Score

No Poverty
allafrica.com
🌐 85% Global Worthiness
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Somali President Awarded for Leadership in State-Building and Counterterrorism

Somali President Hassan Sheikh Mohamud won the Africa Presidential Leadership Award for his exceptional leadership in state-building, securing debt relief, and advancing counterterrorism initiatives, highlighting Somalia's progress under his guidance.

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44% Bias Score

Peace, Justice, and Strong Institutions
cbsnews.com
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High US Credit Card Debt Spurs Debt Consolidation Strategies

Soaring US credit card debt, averaging nearly \$8,000 per cardholder, is fueled by high interest rates (23% average, over 30% for retail cards) and persistent inflation, leading to debt consolidation as a common solution among consumers.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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Credit Counseling: Benefits, Limitations, and Long-Term Implications

Credit counseling helps manage debt through financial education, debt management plans, and creditor negotiation, but doesn't eliminate principal debt or guarantee creditor participation, requiring personal commitment for long-term success.

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36% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Five Strategies to Reduce High Credit Card Interest Rates in 2025

With average American credit card debt exceeding \$8,000 and interest rates near 23%, multiple strategies exist to reduce interest charges, including balance transfer cards, negotiating lower rates, extra payments, debt consolidation, and the avalanche method.

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44% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Bankruptcy vs. Debt Relief: Choosing the Right Path

Overwhelmed by debt? This article analyzes bankruptcy (Chapter 7 and 13) versus debt relief (settlement, consolidation, credit counseling), detailing when each is appropriate and outlining long-term consequences.

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44% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Inflation Surge Delays Savings, Fuels Demand for Debt Relief in 2025

Rising inflation in late 2024, despite the Federal Reserve's interest rate cuts, is delaying expected savings and increasing the need for debt relief strategies, particularly for those with high credit card debt, home equity loan considerations, or collection calls.

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44% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Unemployment and Soaring Credit Card Debt Create Financial Crisis for Americans

Rising credit card debt, averaging $8,000 per cardholder, is compounded by unemployment, forcing many Americans into financial hardship due to high-interest rates and prolonged job searches.

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40% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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IRS Tax Debt Forgiveness: Options and Conditions

The IRS may forgive back taxes after 10 years, through Offers in Compromise (OICs) based on financial hardship, or via Innocent Spouse Relief; however, it requires active participation and meeting specific criteria.

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36% Bias Score

Reduced Inequality
nbcnews.com
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Wildfire Victims Get Student Loan Relief

Federal student loan borrowers affected by federally declared natural disasters, such as the Southern California wildfires, may qualify for a 90-day (with possible extensions) natural disaster forbearance under the Heroes Act of 2003, automatically granted in many cases, though interest continues to...

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32% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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Record-High Credit Card Debt Fuels Delinquency Crisis

As of Q3 2024, the average American credit card debt reached nearly $8,000, with a 9% delinquency rate, causing credit damage and leading to legal debt sales to third-party collectors, a practice permitted under federal law and regulated by the FDCPA.

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28% Bias Score

Reduced Inequality