Troubled debt restructurings

US Senator Rick Scott says 'we're creaming the poor with inflation' SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Republican’s are accused of committing “fiscal terrorism” on the US with their debt ceiling demands. Congress has until June 5 to extend the $31.4trillion dollar debt limit, which the US reached last week. Should the deadline pass without the limit being raised, America could default on its debt obligations, risking plunging the country into a recession. Related articles US faces ‘crisis’ after hitting debt ceiling Biden vows to fight Republicans slashing spending What is the debt ceiling? Will it affect you? The debt ceiling is the total amount of money the federal government is allowed … [Read more...] about ‘Just plain crazy’: Republicans holding debt limit hostage committing ‘fiscal terrorism’

Elizabeth Schulze reports on impact of debt ceiling on US economy SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Joe Biden has vowed to veto Republican’s who plan to axe spending to solve the debt ceiling crisis. Last week, the US reached its existing debt limit of $31.4 trillion, triggering a debt issuance suspension period which last until June 5. Related articles US default risk threatens to trigger worldwide recession US faces ‘crisis’ after hitting debt ceiling What is the debt ceiling? Will it affect you? The debt ceiling is the total amount of money the federal government is allowed to borrow through the US Treasury in order to pay its existing legal financial obligations. These obligations … [Read more...] about ‘I will stop it’: Biden vows to fight Republicans eyeing up spending axe for debt ceiling

Consider a loan modification a lifeline for homeowners in trouble. If you've been hit with financial hardships that hamper your ability to pay the mortgage, there are options other than foreclosure or selling your home . One is to get a loan modification, which is basically an agreement with your lender to change the terms of your loan. Loans can be modified in various ways. For instance, the lender may lower the interest rate; extend the length of the loan; or allow a homeowner to skip payments until he's found a new job, adding those missed payments to the principal to pay later. The terms all depend on the homeowner's specific circumstances, but the goal is ultimately the same: to provide financial relief for homeowners who are struggling to pay their mortgage. So why would lenders agree to take less money? According to mortgage expert Tom Pasqualini of Hudson United, it's a way to keep your business rather than losing you if you refinance with another lender at a lower … [Read more...] about What Is a Loan Modification? Can It Help Homeowners in Trouble?

Between financially helping his parents and losing income as a result of the COVID-19 pandemic, Jeremy Mazza landed into serious credit card debt. Relief came from a source he wasn’t expecting: his partner, Ginna Lambert, who had come into a small inheritance. She suggested “investing” part of her bounty in their shared future by lending small amounts to Mazza that he could apply toward his debt. It took a bit of convincing. “To have to ask for money when I was the provider and had parents who themselves were asking for money, I didn’t want to follow in their footsteps and be taking,” Mazza says. “But that’s not what this was, this was a caring thing.” Mazza and Lambert approached the situation with open communication and specific loan terms. And for them, it’s paying off: Mazza estimates his credit score went up by about 150 points. The couple, who live in Richmond, Virginia, are getting married this year, and they hope to buy a home soon as well. “I had a very, very, very … [Read more...] about In Your Debt: How couples can team up on debt repayment

FILE – Darius Garland #10 of the Cleveland Cavaliers drives to the basket past Bruno Fernando #20 of the Houston Rockets for a layup during the fourth quarter of the game at Toyota Center on January 26, 2023 in Houston, Texas. Bob Levey/Getty Images/AFP Darius Garland scored a game-high 26 points while Evan Mobley and Jarrett Allen recorded double-doubles as the Cleveland Cavaliers cruised to a 113-95 road win over the Houston Rockets on Thursday. Garland shot 9 of 16 from the floor, connected on five 3-pointers, and added nine assists and four steals to his ledger. Mobley posted 21 points and 10 rebounds while Allen chipped in 14 points and 10 boards for the Cavaliers, who led by as many as 32 despite playing without All-Star guard Donovan Mitchell, sidelined for the fourth time in five games with a left groin strain. DG the PG with a deep 3️⃣ #LetEmKnow pic.twitter.com/oJYX2sCElN — Bally Sports Cleveland (@BallySportsCLE) January 27, 2023 Missing three of their … [Read more...] about NBA: Cavaliers have no trouble disposing of shorthanded Rockets

There have been a number of incidents in the crowd so far (Image: GETTY) SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Novak Djokovic doesn't expect any crowd disturbances in what is expected to be a noisy Rod Laver Arena for his Australian Open final against Stefanos Tsitsipas on Sunday. Tsitsipas and Djokovic have been the standout performers in the men's draw and go face-to-face for the first Grand Slam of the year with the No 1 ranking also up for grabs. Related articles Tsitsipas' perfect response to Djokovic snub ahead of Aus Open final Novak Djokovic makes Aus Open request to father after controversy Both players have had huge support from their respective fans throughout the tournament. The Serbians have been … [Read more...] about Novak Djokovic shuts down ‘conflict’ fears with Aus Open under scrutiny for crowd trouble

Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. Since I graduated from college about two years ago, I have become something of a personal finance nerd. I’ve figured out a strategy for saving for retirement, contributed to an emergency fund, researched different health insurance options and started filling out a spreadsheet that tracks how much I save every month. My self-education in money management came out of a very real fear of not being able to afford what I need — and turned into a powerful tool to control what I can of my financial future. Not many people have a designated teacher for personal finance. I do not remember learning about budgeting in school. I did, however, grow up during the 2008 financial crisis, which was one of my first introductions to how people think about finances and the economy. The world of personal finance, which is filled with jargon like Roth I.R.A.s, deductibles … [Read more...] about To Talk About Money, Hold the Judgment

President Biden pronounces Rishi Sunak's name wrong SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Joe Biden was seen "stumbling and screaming" during his latest public speech, according to his conservative Republican critics. Fox News host Sean Hannity noted President Biden's struggle to explain his own policies during his trip to the Steamfitters Local 602 in Springfield, Virginia. The trip - just ten miles from Washington DC - comes amid questions over President Biden's fitness to run for a second term. Related articles Four arrested after student, 19, 'raped then dumped and run over' Whoopi Goldberg erupts after school failed to search 6yo shooter Mr Hannity told viewers: "Joe Biden is having a … [Read more...] about Joe Biden ‘screams and stumbles’ as latest bizarre rambling speech sparks ridicule

Jeremy Hunt explains why inflation is so high from a coffee shop SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The Chancellor is ruling out tax cuts until inflation is dramatically reduced and will insist it is vital to “stick to the plan”. He will tell public sector workers inflation -busting pay rises will not happen as they would prolong the pain for everyone. Related articles Liz Truss gearing up to break months of silence ahead of Hunt's Budget Brexiteer fumes at feared EU takeover of Gibraltar 'Anyone awake?' The Chancellor is expected to defend the Government’s vision for the UK’s economic future in a speech to City executives on Friday. Mr Hunt will also insist taking the tough choices … [Read more...] about Jeremy Hunt urged to ‘talk Britain up’ as he warns country to brace for tough year

Ten Hag outlines importance of winning trophies for Man Utd SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Manchester United defender Phil Jones is finally approaching the end of his contract, which will surely spell the end of his troubled and costly 11-year stay at Old Trafford once the summer rolls around. Funding his wages for so long has supposedly seen United rack up a hefty £54.5million final bill for the 30-year-old, who has hardly played for the last four years, but is he the biggest flop in the club's history? Express Sport takes you through where Jones places in the club's unfortunate top five... Related articles Man Utd have a brilliant double act back thanks to Cristiano Ronaldo Transfer news … [Read more...] about Man Utd have had many flops but after paying £54m, is Phil Jones the biggest of them all?