For better or worse, debt is a part of everybody’s financial portfolios. Solid financial planning will help you keep your eye on the prize of wealth accumulation.
Budgeting offers more opportunities to save money.
Budgets are imperative for people to manage their resources and attain financial goals.
BNPL is now the second most common form of consumer credit used by young Australians - except technically it’s not credit.
The courts are sheltering in place too.
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.
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.
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.
Zip Co’s ‘buy now pay later’ service is growing in popularity. But because its business model avoids the responsible lending requirements, consumer advocates are worried.
Easy credit services like Zip trade on the individual’s belief that their income rise in the future.
Ding dong merrily on high, the Christmas tills are ringing.
It might seem ridiculously early, but you may wish to heed the benefits of starting your Christmas shopping early.
The U.S. could do with a shot in the arm too.
Bear syringe via www.shutterstock.com
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
People are needlessly filing for bankruptcy because they don’t understand the system.
New research shows people are needlessly declaring bankruptcy because they don’t know about the help available to manage their debts.
The longing of many debtors.
Kirsty Wigglesworth/PA Archive
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