Debt consolidation

3 times, getting a loan is a smart idea

In many cases, borrowing money is seen as something to be avoided. After all, if you take out a loan, you have to pay interest, which is an additional cost. You also commit your future income to making payments, which gives you less flexibility going forward. But despite the common …

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Will a personal loan affect your taxes?

Banks offer many types of loans to help their customers finance various purchases, including: Mortgages for houses Home equity loans for renovations or debt consolidation Auto loans to help finance cars and trucks Personal loans for financing needs that do not fall into a more restricted category. Most don’t require …

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Pre-covid debt, deficit levels in ’24 or ’25

THE national government will return to its pre-pandemic debt and budget deficit levels as early as 2024 or by 2025, according to Ministry of Finance (DOF) projections. Finance Secretary Carlos Dominguez III said they were working on a budget consolidation plan to reduce the government’s debt and budget deficit levels …

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June debt-to-GDP ratio remains above 60%

PHOTO INVESTIGATOR / GRIG C. MONTEGRANDE Faster accumulation of debt even as the economy returned to year-over-year growth further raised the Philippines’ debt-to-gross domestic product (GDP) ratio in June to 60.4% , a peak in 16 years and above the level envisioned by Manageable Debt Watch for emerging markets. The …

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