Tag #Financial Hardship

Showing 1 to 12 of 47 results

theglobeandmail.com
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Ontario Colleges Face Financial Crisis Due to Drop in International Students

New federal restrictions on student visas have caused a sharp decline in international student enrollment at Ontario colleges, leading to projected budget shortfalls and staff cuts at Loyalist and Northern Colleges.

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16% Bias Score

Quality Education
news.sky.com
🌐 75% Global Worthiness
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Freelance Hospitalization: Securing Short-Term Financial Stability

A freelance husband's hospitalization creates financial hardship; the family seeks short-term support to retain their home, exploring mortgage lender options, government benefits (Employment Support Allowance, PIP), and utility company assistance.

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40% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Wage Garnishment Duration and Debt Resolution Strategies

Wage garnishment, a legal process where money is taken from an employee's paycheck to settle a debt, can last for years until the debt is fully repaid, plus interest and fees; however, there are legal limits on the amount that can be garnished and options available to reduce or stop the garnishment.

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36% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Inflation Rise Exacerbates Credit Card Debt Crisis; Forgiveness Programs Offer Lifeline

May's 0.1% inflation rise adds to Americans' financial strain, particularly impacting credit card users facing over 20% interest rates and considering debt forgiveness programs requiring eligibility verification, servicer comparison, and documentation gathering for July approval.

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48% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Medical Debt Relief: New Rules and Strategies

In 2024, approximately 20 million Americans owed medical debt, but recent credit reporting changes—excluding paid collections, implementing a one-year waiting period, and excluding debts under $500—offer relief; however, proactive debt management remains crucial.

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32% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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Record US Household Debt Fuels Demand for Debt Forgiveness

US household debt hit a record $18.04 trillion in Q4 2024, with rising delinquencies in credit cards and auto loans; debt forgiveness offers potential relief for some but not all debt types.

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48% Bias Score

Reduced Inequality
cbsnews.com
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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
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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Debt Relief Companies: Benefits and Limitations for Credit Card Debt

Debt relief companies negotiate lower settlements (30-50% savings) with creditors and offer debt consolidation programs, providing financial education and structured debt management to consumers struggling with high credit card debt in the US.

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40% Bias Score

Reduced Inequality
cbsnews.com
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Managing Debt During Financial Hardship: Strategies and Options

Facing financial hardship? Explore options like hardship programs from lenders, debt management from credit counselors, debt settlement, refinancing, and forbearance to temporarily pause or reduce debt payments, avoiding late fees and credit damage.

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36% Bias Score

No Poverty
bbc.com
🌐 75% Global Worthiness
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Financial Hardship Leaves Older Londoners Anxious and Isolated

A report by Age UK London reveals that 38% of older Londoners worry about energy debt, one in four have constantly cold homes, and many are selling possessions or foregoing social activities due to rising costs and reduced government support, leading to anxiety and isolation.

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44% Bias Score

No Poverty
us.cnn.com
🌐 85% Global Worthiness
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Record High Student Loan Delinquency Rate Impacts 4 Million Borrowers

TransUnion reports a record 20.5% of federal student loan borrowers are seriously delinquent (90+ days past due), up from 11.5% pre-pandemic, impacting 4 million borrowers and severely damaging credit scores, as payments resume after the Covid-era pause.

Progress

44% Bias Score

Reduced Inequality

Showing 1 to 12 of 47 results