Tag #Debt Relief

Showing 13 to 24 of 108 results

china.org.cn
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Report: Private Lenders, Not China, Receive Most Debt Payments from Lower-Income Countries

A new report reveals that lower-income countries pay three times more in debt repayments to private lenders than to China, challenging narratives portraying China as the main driver of their debt problems; only 13 percent of their external debt payments between 2020 and 2025 will go to Chinese lende...

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52% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Record-High US Credit Card Debt Reaches $1.21 Trillion

US credit card debt hit a record high of $1.21 trillion in Q2 2025, a $27 billion increase from the previous quarter, driven by inflation, high interest rates, and increased credit reliance; consumers can negotiate with creditors for relief or seek professional help.

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36% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Fed Holds Interest Rates Steady, Leaving Borrowers with High-Rate Debt Burdened

The Federal Reserve kept its benchmark interest rate frozen at 4.25%–4.50%, disappointing borrowers with high-rate debt, particularly credit card debt averaging $8,000 and rates near 23%, until their mid-September meeting.

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52% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Soaring Household Debt in 2025: High Interest Rates and Renewed Loan Collections Fuel Crisis

High interest rates (averaging above 21% on credit cards), renewed student loan collections, and persistent spending habits are causing a surge in household debt in 2025, pushing many families to seek debt relief solutions.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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Court Blocks Rule to Remove Medical Debt from Credit Reports

A federal court struck down a CFPB rule designed to remove all medical debt from credit reports, leaving millions of Americans to contend with the negative credit impacts of unpaid medical bills and necessitating individual debt management strategies.

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36% Bias Score

Reduced Inequality
kathimerini.gr
🌐 75% Global Worthiness
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Record High in Greek Out-of-Court Debt Settlements

Greece's out-of-court debt settlement mechanism saw record-high activity in June, with 1,995 new settlements totaling €670 million, exceeding previous records and reflecting improved access for vulnerable groups; however, significant large-scale debt remains.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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Bank Account Freezes: A Debt Collection Tactic and How to Respond

A bank account freeze, a debt collection tool, cuts off access to funds without much warning; individuals may only discover a lawsuit when their account is frozen, creating immediate financial hardship; however, legal recourse exists to challenge the freeze.

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36% Bias Score

No Poverty
aljazeera.com
🌐 85% Global Worthiness
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US Absence Weakens Global Debt Relief Efforts, Prompting Call for "Borrower's Club

The US withdrew from the UN's Seville conference on financing for development, resulting in a weak outcome document that failed to address the mounting debt distress in low-income countries, who paid a record $96.2 billion in external debt service in 2023, prompting calls for a "Borrower's Club" to ...

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52% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Rising Inflation Pushes Americans Towards Bankruptcy

High inflation and interest rates are driving up bankruptcy filings in the US, forcing individuals to choose between Chapter 7 (liquidation) and Chapter 13 (repayment plan) bankruptcy, each with different implications for asset retention.

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48% Bias Score

No Poverty
cbsnews.com
🌐 65% Global Worthiness
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Credit Card Debt Forgiveness: 3 Actions to Avoid for August Approval

To qualify for credit card debt forgiveness by August 31st, borrowers should avoid making minimum payments, losing financial paperwork proving inability to pay, and increasing debt to meet program thresholds; alternative debt relief options exist.

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56% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK's Aid Cuts Undermine Global Cooperation

The UK's £6 billion cut to its international aid budget, coupled with reduced development spending from other nations and the dismantling of USAID, has left many lower-income countries struggling with debt and unable to invest in essential services, while the UK increases military spending and arms ...

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40% Bias Score

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cbsnews.com
🌐 65% Global Worthiness
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Debt Relief Companies: Benefits, Limitations, and Credit Impacts

Debt relief companies negotiate lower credit card debt payments, averaging 30-50% reduction, but may negatively impact credit scores and require upfront fees; consumers should compare options before use.

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36% Bias Score

Reduced Inequality

Showing 13 to 24 of 108 results