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Are you using Buy Now, Pay Later (BNPL) to purchase your Christmas presents this year? You could be in the throes of a bad debt hangover, financial advisers warn. In its annual survey, Financial Counseling Australia (FCA) saw a sharp increase in the number of people with bad debts with BNPL seeking help from financial …

At the height of the COVID-19 pandemic, the country’s unemployment rate soared to 15%, reports the Bureau of Labor Statistics. The fallout on American workers was immediate, as many lost their wages or saw their wages drop overnight. Overall, however, across much of the country, the economic damage from the pandemic has not turned out …

DUBLIN – (COMMERCIAL THREAD)–The “Financial cards and payments in the Middle East and Africa” the report was added to ResearchAndMarkets.com offer. While consumer payments declined in 2020 and 2021 due to the coronavirus (COVID-19), card payments continued to grow. Consumers have favored contactless payments, seen as the most hygienic form of payment, and are relying …

These cards often have high interest rates and can quickly become unmanageable. By Supriya Suri Loans play a major role in helping us achieve our aspirations and achieve many goals in life. In recent times, consumers increasingly use credit for convenient payments and don’t wait to save and spend. But at the same time, some …

Shawn Hagedorn says current government policies are creating mutually reinforcing debt and poverty traps What is the probability that more than 50% of black South Africans will be poor fifty years after the end of apartheid? Without precise political hubs, this tragic outcome will soon become inevitable. Take stock Our economic outlook is shaped by …

Warren Buffett said: “Volatility is far from synonymous with risk”. So it can be obvious that you need to consider debt, when you think about how risky a given stock is because too much debt can sink a business. We note that Goenka Diamond and Jewels Limited (NSE: GOENKA) has debt on its balance sheet. …

Equifax inc.EFX shares have gained 70.7% in the past year compared to a 23.3% decline in the industry it belongs to. The company recently reported adjusted earnings per share of $ 1.85 in the third quarter of 2021, beating Zacks’ consensus estimate by 7.6%. Revenues of $ 1.22 billion were 3.6% above the consensus estimate. …

Forfeiture requires an application to the High Court (which involves hiring the services of legal professionals), and essentially means that anything the consumer owns that is of value would be sold to pay off existing debt. Krisanapong detraphiphat / Getty A Fin24 reader who has been unemployed during the Covid-19 pandemic is struggling to repay …

At the end of the year, many of us start to think about what we want to accomplish in the next year and in the long term. For some, it’s about committing to a healthier diet, exercising more, spending more time with family, having more adventures, or saving more in the future. There are simple …

Over the past year, many consumers have taken a more conservative approach to vacation spending, and that’s understandable. Back then, the economy was in a much darker situation than it is today and unemployment was still rampant. Additionally, health issues may have prevented some people from seeing loved ones and spending more money on gifts …