Articles on Personal debt

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The courts are sheltering in place too. 101cats/Getty Images

Bankruptcy courts ill-prepared for tsunami of people going broke from coronavirus shutdown

The bankruptcy system has always been difficult to navigate, especially for minorities and other vulnerable groups. The pandemic is making it a lot harder.
Businesses are structuring their lending practices to exploit loopholes in consumer credit laws. Shutterstock

Four common debt traps: payday loans, consumer leases, blackmail securities and credit ‘management’

Here are the four common lending practices identified by the Australian inquiry into credit and financial services targeted at those at risk of financial hardship.
Unemployment and underemployment, as well as physical and mental health problems, were the most common experiences of people falling behind on debts. Shutterstock

What 1,100 Australians told us about the experience of living with debt they can’t repay

Australia’s first large-scale study on the experiences of people in financial hardship contradict the idea most debt problems are due to poor choices.
The longing of many debtors. Kirsty Wigglesworth/PA Archive

The question debtors are increasingly asking: do I have to repay?

Despite its role in bringing on the financial crisis, debt continues to plague many of us the world over (just ask the Greeks). In the UK the appetite for debt is undiminished, with the run up to Christmas…
Elite retreat. World Economic Forum

Davos delegates don’t care about inequality or your debt

The world’s rich and powerful are gathering for the World Economic Forum at the Swiss ski resort of Davos to discuss, and hopefully find solutions to, the world’s economic and social problems. The 45th…

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