Debt relief | Jotup

3 Strategies to Help You Pay Down Extra Holiday Debt

Retrieved on:

Tuesday, January 5, 2021

Finance, Money, Debt, Economy, Credit, Insolvency, Debt consolidation, Bankruptcy, Debt-snowball method, Debt relief

It may take time to pay down new holiday debt, even if you use one of the payoff strategies above.

Key Points:

It may take time to pay down new holiday debt, even if you use one of the payoff strategies above.
When you can't afford to pay off your high-interest debt right away, a balance transfer can sometimes be a helpful solution.
A debt consolidation loan is another financial tool that might help you pay down the extra debt you picked up over the holidays.
Only you can decide which approach is best when it comes to dealing with extra holiday debt.

Debt relief efforts for African countries: Council approves conclusions

Retrieved on:

Tuesday, December 1, 2020

Debt, Finance, Money, Economy, Debt relief, External debt, Debtor, Government debt, Paris Club

The EU is committed to furthering international debt relief efforts for African countries.

Key Points:

The EU is committed to furthering international debt relief efforts for African countries.
The conclusions highlight the increasing debt vulnerability in low income countries, particularly in Africa, and underscore the EU's support for a coordinated international approach on debt relief efforts for African countries.
The Council also recognises that for countries with unsustainable debt levels further debt relief may be required.
The Council also stresses that debt transparency is critical for a sound assessment of debt sustainability, debtor government accountability, and to enable informed decisions for borrowers and creditors in the context of debt relief efforts.

Student Loan Debt Relief Scammer Brandon Frere Agrees to Settle FTC Charges

Retrieved on:

Thursday, November 19, 2020

Money, Finance, Economy, Federal Trade Commission, Student debt, Student loan, Debt relief, Ameritech, Debt

Student loan debt relief scammer Brandon Frere and his companies, including Ameritech Financial, have entered into an agreement with the Federal Trade Commission to settlecharges they misled approximately 40,000 consumers about lowering their student loan debt.

Key Points:

Student loan debt relief scammer Brandon Frere and his companies, including Ameritech Financial, have entered into an agreement with the Federal Trade Commission to settlecharges they misled approximately 40,000 consumers about lowering their student loan debt.
The FTC alleged that Frere and his companies charged up to $800 in illegal up-front fees to enroll consumers in a federal loan assistance program.
The order bans Frere and his companies from providing debt relief services and prohibits them from violating the Telemarketing Sales Rule.
The defendants are Ameritech Financial, also doing business as American Financial Benefits Center; AFB and AF Student Services; Financial Education Benefits Center; and Frere.

Student Loan Debt Relief Scammer Brandon Frere Agrees to Settle FTC Charges

Retrieved on:

Thursday, November 19, 2020

Money, Finance, Economy, Federal Trade Commission, Student debt, Student loan, Debt relief, Ameritech, Debt

Student loan debt relief scammer Brandon Frere and his companies, including Ameritech Financial, have entered into an agreement with the Federal Trade Commission to settlecharges they misled approximately 40,000 consumers about lowering their student loan debt.

Key Points:

Student loan debt relief scammer Brandon Frere and his companies, including Ameritech Financial, have entered into an agreement with the Federal Trade Commission to settlecharges they misled approximately 40,000 consumers about lowering their student loan debt.
The FTC alleged that Frere and his companies charged up to $800 in illegal up-front fees to enroll consumers in a federal loan assistance program.
The order bans Frere and his companies from providing debt relief services and prohibits them from violating the Telemarketing Sales Rule.
The defendants are Ameritech Financial, also doing business as American Financial Benefits Center; AFB and AF Student Services; Financial Education Benefits Center; and Frere.

MEDIA ALERT – Millions of small businesses anxiously await PPP loan forgiveness and tax guidance

Retrieved on:

Monday, November 9, 2020

Finance, Consulting, Accounting, Professional services, Small business, Paycheck Protection Program, CARES Act, Tax, Debt relief, Student loans in the United States

Wolters Kluwer Tax & Accounting:

Key Points:

Wolters Kluwer Tax & Accounting:
What: As the end of 2020 approaches, millions of small businesses that have taken Payroll Protection Plan (PPP) loans under the CARES Act must decide when to apply for loan forgiveness.
Of particular concern are the tax consequences that may await them if they apply for loan forgiveness by year-end.
The CARES Act made it clear that once a PPP loan is forgiven and becomes a grant, the funds are not income for tax purposes.
Prior to forgiveness, PPP is a loan and remains one until forgiveness is received.

CA Foundation Donates to RIP Medical Debt to Eliminate $2 Million in Medical Bills

Retrieved on:

Thursday, September 17, 2020

Articles, Economy, Medical debt, Debt relief, Debt

The donation allows RIP Medical Debt , a national non-profit that forgives health care debt on behalf of individual donors, philanthropists and organizations, to negotiate medical bills with providers, granting millions in debt forgiveness to Americans across the country.

Key Points:

The donation allows RIP Medical Debt , a national non-profit that forgives health care debt on behalf of individual donors, philanthropists and organizations, to negotiate medical bills with providers, granting millions in debt forgiveness to Americans across the country.
RIP Medical Debt was established in 2014, and 100% of donations to the organization go towards its debt abolishment program.
When a recipient receives medical debt forgiveness it is considered an act of generosity, and the debt does not count as income to the debtor, allowing individuals to completely eliminate their medical bills.
"It is ironic that $20,000 can eliminate $2 million in medical debt through basic negotiation.

Online Trading Academy settles charges it made deceptive money-making claims and tried to gag consumers

Retrieved on:

Tuesday, September 15, 2020

Economy, Debt relief, Debt, Articles

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Key Points:

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In a lawsuit filed earlier this year, the FTC alleged that Online Trading Academy made unsubstantiated mega-bucks promises about their purported investment training programs.
Under the terms of a settlement, OTA founder Eyal Shachar and others will pay millions toward refunds for consumers.
In addition, OTA will have to forgive the debt of thousands of customers who took out financing to take their courses.
For consumers who took out loans to pay for training, the settlement requires OTA to offer debt forgiveness to consumers whose debt OTA currently holds.

Leading Career Exploration Platform Find Your Grind Receives Approval From All 50 States to Offer New “Future Ready” Remote Curriculum

Retrieved on:

Tuesday, September 15, 2020

Find Your Grind, the modern-day self-discovery and career exploration platform, launches its Future Ready online curriculum in all 50 states.

Key Points:

Find Your Grind, the modern-day self-discovery and career exploration platform, launches its Future Ready online curriculum in all 50 states.
Each week of the eight-week course consists of virtual lessons on challenging topics that drive rewarding conversations, reflection and engagement between students, teachers and staff.
The curriculum is pre-built for each district and also offers schools tools to measure the courses impact.
For more information, download the free curriculum, to access the tools on the app or to listen to The Find Your Grind Podcast, please visit FindYourGrind.com .

DGAP-News: African Energy Chamber: Senegalese President Macky Sall Is Right About African Debt Relief - And the G20 Shouldn't Stop There

Retrieved on:

Monday, September 14, 2020

Finance, Money, Debt, Economy, Credit, Debt relief

And I believe President Macky Sall's call for African debt relief is a good place to start that rethinking.

Key Points:

And I believe President Macky Sall's call for African debt relief is a good place to start that rethinking.
Debt relief will help African states take the steps needed to help people go back to work or build up their businesses.
Debt relief will help African states make up for the sharp decline in oil and gas revenues and begin building renewable energy sectors.
I'm going to suggest that members of the G20 group agree to forego payments from African debtors - specifically, from eligible African debtors.

Operators of Student Debt Relief Scheme Agree to Pay at Least $835,000 to Settle FTC Allegations

Retrieved on:

Wednesday, September 9, 2020

Debt, Debt relief, Federal Trade Commission, Economy, Government

The operators of a student loan debt relief scheme will pay at least $835,000 to settle Federal Trade Commission allegations that they charged illegal upfront fees and made false promises to consumers struggling with student loan debt.

Key Points:

The operators of a student loan debt relief scheme will pay at least $835,000 to settle Federal Trade Commission allegations that they charged illegal upfront fees and made false promises to consumers struggling with student loan debt.
Litigation continues against other defendants in the case, Jay Singh and the two corporate defendants he controls, as well as against seven defaulted corporate defendants.
The defendants will be required to surrender at least $835,000 and additional assets, which will be used for consumer redress.
The FTC filed the proposed order in the U.S. District Court for the Central District of California.