ANKARA Former Bolivian President Evo Morales on Thursday welcomed the central bank’s decision to repay a $ 346.7 million loan and interest to the International Monetary Fund (IMF). Morales congratulated President Luis Arce for the return of “surrender, the onerous and conditional credit assumed by the dictatorship against the interests of our people”. Jeanine Anez’s […]
ryan lane | NerdWallet President Biden announced on January 20 that most federal student loan payments would be suspended without interest until September 2021 due to the ongoing pandemic. Once the hold is lifted, however, a $0 payment may still be a necessity for some borrowers. According to an October 2020 NerdWallet survey conducted by […]
KATMANDU, FEBRUARY 14 Given the impact of the coronavirus pandemic, Nepal Rastra Bank (NRB) today announced that the repayment period for loans taken out by affected businesses may be rescheduled. During the monetary policy review for the current fiscal year 2020-21, NRB Governor Maha Prasad Adhikari announced such a concession for businesses. According to the […]
A loan involves collecting money from a friend, a bank, or a financial institution in exchange for the eventual repayment of the balance, plus interest. The principal is the money loaned to you, and the amount paid to get the loan is interest. Since lenders risk the loan not being repaid, they must compensate for […]
YOUNGSTOWN – With the DoubleTree by Hilton hotel experiencing financial problems, the Supervisory Board has agreed to allow its owner to defer money currently owed to the city until December 2026. The city did not want the hotel to fail. The board of directors voted Thursday at a special meeting in favor of reaching a […]
President Biden announced on January 20 that most federal student loan payments would be suspended without interest until September 2021 due to the ongoing pandemic. Once the hold is lifted, however, a $0 payment may still be a necessity for some borrowers. According to an October 2020 NerdWallet survey conducted by The Harris Poll, 45% […]
The federal government’s new loan program to help businesses survive COVID-19 is getting mixed reviews, even from businesses desperate for help. The Highly Affected Sector Credit Access Program, or HASCAPlaunched on Monday, offers loans between $25,000 and $1 million to eligible businesses. Business owners, advocacy groups and experts all welcome the help, but many stakeholders […]
President Biden announced on January 20 that most federal student loan payments would be suspended without interest until September 2021 due to the ongoing pandemic. Once the suspension is lifted, however, a payment of $ 0 may still be a necessity for some borrowers. According to an October 2020 NerdWallet survey conducted by The Harris […]