[Asia Economy Reporter Kim Jong-hwa] "Writing off non-performing loans has a greater effect of removing obstacles to recovery." This is why the Ministry of SMEs and Startups regularly writes off ...
Long-term debts of more than £200,000 from housing benefit overpayments and non-payment of council tax in Luton are due to be ...
Russian President Vladimir Putin signed a law on debt forgiveness for certain recruits on Saturday. It allows for up to $96,000 in debt forgiveness for those who sign a minimum one-year contract to ...
When a credit card company agrees to accept less than the full amount you owe — say, $20,000 on a $30,000 balance — it’s called a debt settlement. The lender agrees to forgive the remaining $10,000, ...
Pima County is poised to write off nearly $107,000 in delinquent accounts for the quarter that ended in March, with more than half of that coming from the library system. The library system wants to ...
A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...