UK households facing ‘debt timebomb’, warns Citizens Advice
https://www.theguardian.com/money/2023/apr/28/uk-households-facing-debt-timebomb-warns-citizens-advice?CMP=Share_AndroidApp_Other
https://www.theguardian.com/money/2023/apr/28/uk-households-facing-debt-timebomb-warns-citizens-advice?CMP=Share_AndroidApp_Other
https://www.cnbc.com/2023/02/24/cars-leased-in-2020-are-worth-an-average-4000-more-than-expected.html?utm_content=Main&utm_medium=Social&utm_source=Facebook#Echobox=1677267951
Interesting article on hidden consumer credit. But they failed to mention the world’s largest Buy Now Pay Later company – Apple The pernicious potential of ‘buy now pay later’ finance – https://on.ft.com/3fgdztb via @FT
Big Banks Wake Up to Life Beyond Credit Scores [“https://www.bloomberg.com/opinion/articles/2021-05-17/jpmorgan-and-other-big-banks-wake-up-to-life-beyond-credit-scores”]
https://www.marketwatch.com/amp/story/im-63-years-old-recently-divorced-with-130-000-in-debt-how-will-i-ever-retire-11619662422#aoh=16197345509919&csi=0&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s
Article argues a more nuanced view of student debt and how the burden is largely born by higher income households. Article argues against wholesale debt forgiveness. https://www-brookings-edu.cdn.ampproject.org/c/s/www.brookings.edu/blog/up-front/2020/10/09/who-owes-the-most-in-student-loans-new-data-from-the-fed/amp/
https://www.washingtonpost.com/opinions/2020/08/01/cfpb-once-defended-consumers-thanks-trump-it-now-helps-companies-prey-them-instead/?utm_campaign=wp_post_most&utm_medium=email&utm_source=newsletter&wpisrc=nl_most
Several issues to consider – 1) how much have loan modifications and forbearance artificially suppressed defaults and delinquencies, 2) how many jobs have been permanently lost due to downsizing and company BK, 3) how many jobs are vulnerable to the ebb and flow of reopening economy. The reopening economy jobs should be targeted by directly …
https://www.cbsnews.com/news/how-to-read-a-medical-bill-or-explanation-of-benefits-clear-health-costs/
Online sharks circle Vietnam’s vulnerable borrowers – https://on.ft.com/2UXR1RY via @FT