The key difference between the old and the revised rules is around the approval processes for the settlement of loans.

Debt settlement involves persuading creditors to accept less than the amount you owe as payment in full. Normally, debt ...

For some Canadians, tackling credit card debt can feel overwhelming. However, with the proper planning and strategies, you ...

Get practical tips on how to stay debt-free and achieve long-term financial stability. Take control of your financial health ...

For some Canadians, tackling credit card debt can feel overwhelming. However, with the right planning, you can take control ...

Managing your finances isn't an easy task. Sometimes there's just not enough money to cover everything. Sometimes, we just ...

Financial writer analyzes Runway Growth Finance Corp (RWAY), a BDC facing challenges with over-distribution and high ...

Endeavour's improved debt position and successful growth projects in West Africa bolster future profitability. Click here to ...

Amortization breaks down large debts or asset costs into manageable payments over time. For loans, it means paying both ...

If your federal student loan hasn't yet entered repayment, you won't be eligible to enroll in a repayment plan yet. Repayment ...

President Joe Biden will leave the White House with some unfulfilled promises to federal student loan borrowers, but he can ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...