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Bad Credit Cards – Bad Credit Cards – Money Borrowing Causes Bad Debt Cycles | Fintech Zoom – World Finance

Bad credit cards - Bad credit cards - Money mistakes cause bad debt cycles Fintech Zoom Money matters. Its use infiltrates all aspects of human life. But in the pursuit of it, many have fallen into debt. A recent report has revealed that South Africans earning between R5,000 and R20,000 are drowning in debt. The debt counseling company DebtBuster's debt index for the fourth quarter of 2020 shows that this group spends more than 60% of its monthly net salary to pay off debts. In addition, the debt ratio - which is the percentage of a person's monthly income that…

Sterlite Power raises SEK 200 in debt financing from Allianz Global Investors

New Delhi, Power transmission player Sterlite Power announced on Monday that it has raised SEK 200 in debt financing from Allianz Global Investors (Alliance GI) - one of the world's leading investment managers with a focus on sustainable investments. This transaction is one of the first infrastructure financing agreements for Allianz GI in India. The SEK 200 crore facility from Allianz GI has been increased to a non-convertible debenture loan with a three-year period and is part of the larger refinancing exercise carried out by Sterlite Power to reduce their holding company loans. Sterlite Power is becoming more and more…

This week’s pension tip: Balance your student debt with your pension savings

Student loans can be crippling, as can retiring without saving enough money for your future. This week's pension tips: Spend time and money now to balance paying down your student debt and building up your pension egg. Many Americans, especially those early in their careers, may have problems juggling all the financial obligations they have while spending money for their future. People in their 20s, 30s, and even 40s are trying to make a decent living, while paying for housing, food, transportation, and utilities. They may try to start a family or buy a home. There are also more than…

Peoples Financial Corporation announces recovery of $ 4,510,359 on previously debited loans

BILOXI, Miss., February 22, 2021 / PRNewswire / - Peoples Financial Corporation (OTCQX Best Market: PFBX), parent of The Peoples Bank, announced the recovery of $ 4510,359 on February 22, 2021 in respect of previously settled amounts on a troubled loan. This recovery was related to a non-accrued loan that was debited on September 30, 2020 for $ 5,424,923 and was the main cause of the company's net losses reported during the second and third quarters of 2020.The bank had previously made provisions for this commercial customer who was bankrupt as follows:The following is the timeline associated with this commercial…

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