#financial-distress

#financial-distress

Paying only minimum payments on credit cards can severely damage credit scores and prompt banks to reduce credit limits.

A significant overhaul of the carer's allowance system aims to alleviate overpayments and debt for thousands of caregivers.

California Attorney General advises individuals to delete their genetic data from 23andMe due to the company's potential bankruptcy.

Council tax debt has surged to over £4.4 billion, impacting over a million people and increasingly involving bailiff interventions.

London and the South East are areas with the highest council tax debts, indicating regional economic struggles.

Court referrals for council tax arrears have significantly increased, highlighting challenges faced by local councils.

MyPillow and Mike Lindell allege deception in a high-interest loan arrangement, showcasing their financial distress and legal challenges regarding merchant cash advances.

Vodafone is being sued by franchisees for breaching good faith in business dealings and imposing harsh financial penalties.

Thames Water is experiencing severe financial issues, prompting multiple bids for potential acquisition.

Typhoo Tea, after 120 years, has entered administration due to significant losses and cash flow issues, seeking a potential rescue deal.

Businesses in the UK are expected to face increased financial distress due to budget changes, particularly rising National Insurance contributions.

HMRC's Loan Charge allows contractors to pause settlements pending an independent review, amid concerns of significant financial distress and distressing outcomes for affected individuals.

A 36-year mortgage at 0.5% interest offers new hope for homeowners in financial distress.

Landlords face significant refinancing challenges with $1.5 trillion in debt due by next year, particularly in the multifamily sector.

The U.S. Social Security program's purchasing power has decreased significantly since 2010, indicating the impact of inflation on fixed-income seniors.