Big boost for Indians studying in Australia: Country pledges to cut about $2 bn from student debt
Australia plans to wipe out about A$3 billion ($2 billion) from student loans, cutting the debt of more than three million people, as the country continues to grapple with inflation and cost-of-living pressures. The Albanese government announced the measure in its monthly budget on Sunday in hopes that it would ease economic pressure on workers […]
Sent a threatening debt collection notice? How to VERIFY
A law firm confirms to us their name is being used by fraudsters in a phishing email scheme. HUNTSVILLE, Ala. — Struggling with debt, whether it be medical bills or student loans, credit cards or payday advances, can be stressful and come with an overwhelming stigma and personal embarrassment. Unfortunately, fraudsters are banking on that […]
Debt Collector Sued Over Breach Affecting Two Million People
Financial Business & Consumer Solutions Inc. failed to protect the personal information of nearly two million people that was exposed in a February data breach, a proposed federal class action said. Marc Reichbart alleged that FBCS, a debt-collection agency located in Hatboro, Pa., breached its duty under the Federal Trade Commission Act and common law […]
These 4 Measures Indicate That AECOM (NYSE:ACM) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says ‘The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.’ So it seems the smart money knows that debt – which is usually involved in […]
Arizona Court of Appeals Affirms Constitutionality of New “Predatory Debt Collection Act”
Last summer we wrote about the notable questions of the applicability of Arizona Proposition 209, or the Predatory Debt Collection Act (the Act), due to the Act’s savings clause. On April 30, 2024, in a blow to the debt collection industry, the Court of Appeals affirmed a trial court’s ruling that the Act was in […]
Navigating Challenges with AI-Enhanced Online Dispute Resolution
For an extensive period, debt collection has grappled with the complexities and adversarial dynamics inherent in the relationship between creditors and debtors. However, the contemporary digital landscape is ushering in a transformative era, reshaping the mechanics of this industry through technological advancements. Debt collection agencies are increasingly embracing AI-powered online dispute resolution platforms to confront […]
Empire Hotel sale off as Adgemis’ debt reset talks grind on
The jockeying of lenders around pub baron Jon Adgemis’ complicated debt rescue has seen the watering hole in Sydney’s inner west pulled from sale. This comes as Mr Adgemis is hammering into shape the rescue plan for his network of 22 pubs, hotels and restaurants, which are labouring under a $500m debt load. Savills sales […]
Telecom Namibia enlists debt collection agencies to settle overdue accounts
Telecom Namibia Limited, a government-owned and run telecom company in Namibia, has disclosed its partnership with debt collection agencies to attempt to address overdue accounts. The three debt collection firms that will undertake the recovery of all the monies owed to the national telecom company are RedForce Debt Management CC, Muadifam Enterprise, and Revenue Solutions […]
Thai labourers shouldering 26% more debt than last year, survey finds
CEBF director Thanawat Pholvichai said that according to the survey of 1,259 workers earning less than 15,000 baht per month conducted nationwide between April 19 and 25, some 19.4% of respondents earned less than 10,000 baht and 0.1% earned less than 5,000 baht per month. Less than half (42.6%) of workers earning less than 15,000 […]
Can Medical Debt Hurt Your Credit Record? What You Need To Know
(Photo by Justin Sullivan/Getty Images) Getty Images There’s little question that healthcare providers have become more aggressive in collecting past-due bills. Although medical debt is still an issue hurting millions of Americans, there’s much you can do to protect yourself. Some 20% of Americans have some form of medical debt, so this is a widespread […]