All articles tagged with #debt relief
Originally Published 6 days ago — by Money Talks News
The article offers practical tips for retirees to protect and grow their savings, including diversifying investments with gold, working with financial advisors, reducing debt, securing digital assets, and saving on major expenses like insurance and phone plans, along with a bonus on affordable weight-loss medications.
Originally Published 12 days ago — by CNBC
The article offers six strategies for Americans to break free from credit card debt in 2026, including debt snowball and avalanche methods, balance transfer cards, debt consolidation loans, credit counseling, and debt relief companies, emphasizing discipline and careful planning to avoid falling back into debt.
Originally Published 13 days ago — by CNBC
A recent study shows that the success rate for discharging student loans in bankruptcy has increased dramatically to 87%, largely due to updated guidelines introduced in 2022 that make it easier for borrowers to seek relief, offering a potential lifeline for millions struggling with education debt.
Originally Published 16 days ago — by CNBC
The article offers six practical steps for Americans to recover from holiday debt, including assessing the damage, pausing discretionary spending, returning unwanted items, choosing a repayment strategy like the snowball or avalanche method, considering debt relief programs, and working with financial professionals to manage and reduce debt effectively.
Originally Published 25 days ago — by CBS News
Social Security benefits are largely protected from garnishment by federal law, but it's important to understand which debts can be garnished and to take proactive steps such as managing debts, using direct deposit, and keeping benefits in a separate account to safeguard your income.
Originally Published 26 days ago — by Money Talks News
The article offers practical tips for improving financial health, including working with a financial advisor, shopping for better insurance rates, consolidating debt with a HELOC, earning extra income through surveys and testing apps, switching to high-yield bank accounts, securing life insurance, and investing in gold to diversify assets.
Originally Published 28 days ago — by CNBC
Many federal student loan borrowers are unaware of available relief programs like income-based repayment plans and loan forgiveness, leading some to pay more than necessary; increasing awareness and understanding of these options can help borrowers manage and reduce their debt effectively.
Originally Published 3 months ago — by Money Talks News
The article offers practical tips for increasing wealth and financial security, including earning extra income through apps, saving on insurance, working with financial advisors, reducing debt, protecting family with life insurance, leveraging home equity, investing in stocks, avoiding costly repairs, and managing tax debt, all aimed at improving overall happiness and reducing dementia risk.
Originally Published 5 months ago — by The Intercept
The Trump administration is offering student loan forgiveness and signing bonuses exclusively to new ICE agents, while proposing to limit or alter the Public Service Loan Forgiveness program for other public interest workers, raising concerns about political bias and the weaponization of financial aid systems.
Originally Published 5 months ago — by Politico
Approximately 460,000 student loan borrowers will be denied the Biden-era SAVE repayment plan as the program is deemed illegal and being phased out, leading to concerns about higher payments and reduced forgiveness opportunities, with new plans being introduced by the Department of Education amid ongoing legal and legislative changes.
Originally Published 7 months ago — by Los Angeles Times
The article discusses how Trump's and the GOP's policies are worsening the student loan crisis, increasing costs, reducing access to aid, and potentially harming the economy by affecting credit scores and borrowing capacity, with recent legislative moves favoring private lenders over borrowers' relief.
Originally Published 1 year ago — by South China Morning Post
Economist Huang Yiping discusses the potential impact of a second Donald Trump administration on US-China trade relations and China's economic strategy. He suggests that China should prepare for possible increased tariffs by boosting domestic demand and implementing more stimulus measures. Additionally, China's recent announcement of 6 trillion yuan in debt relief for local governments aims to alleviate financial pressures and enhance the effectiveness of Beijing's growth initiatives. Huang advises the central government to increase its deficit ratio to support local authorities further.
Originally Published 1 year ago — by The Associated Press
President Joe Biden thanked Kenyan President William Ruto for deploying Kenyan police to help address gang violence in Haiti, while defending his decision to keep U.S. forces out of the mission. The U.S. will contribute $300 million to the multinational force, which includes 1,000 Kenyan officers. Ruto's decision faces legal challenges in Kenya, but he emphasized the global responsibility for peace and security. Biden and Ruto also called for international action to reduce debt burdens on developing nations, highlighting Kenya's significant debt to China. Biden announced plans to designate Kenya as a major non-NATO ally, reflecting the growing security partnership between the two countries.
Originally Published 1 year ago — by NPR
President Biden designated Kenya as a major non-NATO ally during President William Ruto's state visit, marking the first such designation for a sub-Saharan African nation. The visit aimed to deepen U.S.-Kenya ties, focusing on defense, tech sector growth, climate change, and debt relief. Biden emphasized supporting Kenya's counterterrorism efforts and leadership in Haiti without direct U.S. military involvement. The visit also highlighted the U.S. intent to reestablish influence in Africa amid growing investments from China and Russia.
Originally Published 1 year ago — by The New York Times
President Biden's student loan repayment program, known as SAVE, which aims to cut monthly payments in half for millions of borrowers, is facing legal challenges from Republican-led states. The lawsuits argue that the administration has exceeded its authority and that the program is a backhanded attempt to wipe debts clean. The SAVE plan, with over eight million enrollees, offers more generous terms than previous income-driven repayment programs and has already resulted in the cancellation of $4.8 billion in debts for 360,000 enrollees.