September 19, 2021
  • September 19, 2021

Debt

NOTICE | MAVUTO KALULU: Be vigilant

by on March 23, 2021 0

Government programs are very susceptible to corruption. The various government programs created to deal with the covid-19 pandemic, such as the Paycheck Protection Program (PPP) are no exception to this kind of corruption and abuse. Several people have already been arrested for abusing PPP loans which were designed to provide loans to small businesses...

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How to claim an interest deduction on a student loan

by on March 23, 2021 0

Student loan debt in the United States topped $ 1.5 trillion in 2018 and won’t be slowing anytime soon. And what keeps people in dire straits with their student debt, besides the ever increasing cost of a college education, is interest. This student loan interest can be significant during tax season. Depending on a...

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As looming personal debt crisis emboldens collectors, Philly small claims court needs a bigger role

by on March 23, 2021 0

Philadelphians are racking up huge debt. An October survey by the Pew Philadelphia Research and Policy Initiative found that almost 1 in 3 is behind on their credit card bill. And the Census Bureau recently discovered that until the end of February, 35% of Philadelphia households metropolitan area struggled to afford usual household expenses....

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Do I have to repay my 401 (k) loan?

by on March 23, 2021 0

Illustration by Martin Gee Text size If you have a 401 (k) loan but your employer hasn’t reopened, you’re probably still obligated to repay the loan, says Virgil Rutili, a certified financial planner in Chicago. “I guess if the employer doesn’t reopen, it doesn’t change the fact that you still have the loan,” said...

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BoE warns bank loan reserves may stifle corporate finance

by on March 23, 2021 0

The Bank of England has warned UK lenders against posting huge charges on soured loans, fearing it will limit their ability to support struggling businesses. Representatives from the BoE’s Prudential Regulation Authority spoke to senior bank executives over the past week to advise them not to ‘kitchen sink’ in the first quarter of the...

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