#debt-transparency

#debt-transparency

Credit cards can be very dangerous from a financial well-being perspective, if used irresponsibly. The temptation to use one to fund a big holiday or a new sofa that you can't afford can be seriously tempting.

Credibur has connected clients managing €2 billion in structured debt portfolios to its continuous monitoring and reconciliation platform, achieving this milestone six months after its pre-seed funding.

The average American's FICO score is now down to 714 - a two point decline over the course of the last year, reflecting a troubling trend in credit health.

"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."

Your credit file (or credit report) is a detailed, six-year history of your borrowing, repayment behaviour, and financial public records. It includes payments for credit cards, loans, mortgages, mobile contracts, and utilities. Lenders check credit files to decide whether to approve applications and what interest rate to offer.

"If we don't get what we need [in terms of extra government help] then a Section 114 Notice will come in, which is effective bankruptcy. We'd then get administrators come in, in effect - they'd then make a plan for where the money gets spent in Worcestershire. It would be a catastrophe. We're going to have to halt projects that were put into the budget by the previous administration, things that maybe were 'nice to have', but we can't afford them."

This week the IMF released an update to its World Economic Outlook, titled Global Economy: Steady amid Divergent Forces and, seriously, in what fricking world are they living? It was yet another example of international groups, governments and parts of the media sane-washing the utter crisis we all exist in because Donald Trump is an egomaniacal bully with the impulses of a spoiled toddler.