Company Debt – HHQH http://hhqh.net/ Mon, 01 Aug 2022 21:44:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://hhqh.net/wp-content/uploads/2021/07/icon-2-150x150.png Company Debt – HHQH http://hhqh.net/ 32 32 Research: Rating Action: Moody’s Affirms Laboratory Corporation of America Holdings Baa2 Senior Unsecured Rating, Stable Outlook https://hhqh.net/research-rating-action-moodys-affirms-laboratory-corporation-of-america-holdings-baa2-senior-unsecured-rating-stable-outlook/ Mon, 01 Aug 2022 21:44:12 +0000 https://hhqh.net/research-rating-action-moodys-affirms-laboratory-corporation-of-america-holdings-baa2-senior-unsecured-rating-stable-outlook/ No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, […]]]>


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THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, AND THE DOCUMENTS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, THE “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY FAILURE TO MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS WHEN DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE THE APPLICABLE PUBLICATION OF MOODY’S RATINGS SYMBOLS AND DEFINITIONS FOR MORE INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS COVERED BY MOODY’S CREDIT RATINGS. THE CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“RATINGS”) AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACTS. MOODY’S PUBLICATIONS MAY ALSO INCLUDE MODEL-BASED QUANTITATIVE ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS ARE AND DO NOT PROVIDE ANY RECOMMENDATION TO BUY, SELL OR HOLD PARTICULAR SECURITIES. MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF ANY INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE CARE AND UNDERSTANDING THAT EACH INVESTOR WILL CAREFULLY MAKE HIS OWN RESEARCH AND EVALUATION OF EACH SECURITY THAT IS CONSIDERED FOR PURCHASE, HOLDING OR SALE.

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Is Prosper One International Holdings (HKG:1470) weighed down by its debt? https://hhqh.net/is-prosper-one-international-holdings-hkg1470-weighed-down-by-its-debt/ Sun, 31 Jul 2022 00:29:49 +0000 https://hhqh.net/is-prosper-one-international-holdings-hkg1470-weighed-down-by-its-debt/ Legendary fund manager Li Lu (whom Charlie Munger once backed) once said, “The greatest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital. When we think of a company’s risk, we always like to look at its use of debt, because over-indebtedness can lead to ruin. Above […]]]>

Legendary fund manager Li Lu (whom Charlie Munger once backed) once said, “The greatest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital. When we think of a company’s risk, we always like to look at its use of debt, because over-indebtedness can lead to ruin. Above all, Prosper One International Holdings Company Limited (HKG:1470) is in debt. But the real question is whether this debt makes the business risky.

When is debt a problem?

Debt and other liabilities become risky for a business when it cannot easily meet those obligations, either with free cash flow or by raising capital at an attractive price. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are mercilessly liquidated by their bankers. However, a more common (but still costly) situation is when a company has to dilute shareholders at a cheap share price just to keep debt under control. Of course, the advantage of debt is that it often represents cheap capital, especially when it replaces dilution in a business with the ability to reinvest at high rates of return. When we look at debt levels, we first consider cash and debt levels, together.

See our latest analysis for Prosper One International Holdings

What is the net debt of Prosper One International Holdings?

The image below, which you can click on for more details, shows that in April 2022, Prosper One International Holdings had HK$39.7 million in debt, compared to HK$37.3 million in one. year. But he also has HK$86.1 million in cash to offset that, meaning he has a net cash of HK$46.5 million.

SEHK: 1470 Historical Debt to Equity July 31, 2022

How healthy is Prosper One International Holdings’ balance sheet?

Zooming in on the latest balance sheet data, we can see that Prosper One International Holdings had liabilities of HK$142.1 million due within 12 months and liabilities of HK$209.0k due beyond. In return, he had HK$86.1 million in cash and HK$72.0 million in debt due within 12 months. It can therefore boast that it has HK$15.8 million more in cash than total Passives.

This surplus suggests that Prosper One International Holdings is using debt in a way that seems both safe and conservative. Due to her strong net asset position, she is unlikely to run into problems with her lenders. In short, Prosper One International Holdings has clean cash, so it’s fair to say that it doesn’t have heavy debt! There is no doubt that we learn the most about debt from the balance sheet. But you can’t look at debt in total isolation; since Prosper One International Holdings will need revenue to repay this debt. So, when considering debt, it is definitely worth looking at the earnings trend. Click here for an interactive preview.

Over the past year, Prosper One International Holdings posted a loss before interest and tax and actually reduced its revenue by 9.7% to HK$75 million. We would much rather see growth.

So how risky is Prosper One International Holdings?

Statistically speaking, businesses that lose money are riskier than those that make money. And over the past year, Prosper One International Holdings has posted a loss in earnings before interest and taxes (EBIT), if truth be told. Indeed, during this period, it burned HK$8.7 million and incurred a loss of HK$6.4 million. With just HK$46.5 million on the balance sheet, it looks like it will soon have to raise capital again. Even if its balance sheet seems sufficiently liquid, debt always makes us a little nervous if a company does not produce free cash flow regularly. There is no doubt that we learn the most about debt from the balance sheet. But at the end of the day, every business can contain risks that exist outside of the balance sheet. Example: we have identified 2 warning signs for Prosper One International Holdings you should be aware, and one of them is a bit of a concern.

Of course, if you’re the type of investor who prefers to buy stocks without the burden of debt, then feel free to check out our exclusive list of cash-efficient growth stocks today.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Is Temenos (VTX:TEMN) using too much debt? https://hhqh.net/is-temenos-vtxtemn-using-too-much-debt/ Fri, 29 Jul 2022 04:35:54 +0000 https://hhqh.net/is-temenos-vtxtemn-using-too-much-debt/ Howard Marks said it well when he said that, rather than worrying about stock price volatility, “the possibility of permanent loss is the risk I worry about…and that every practical investor that I know is worried”. So it seems smart money knows that debt – which is usually involved in bankruptcies – is a very […]]]>

Howard Marks said it well when he said that, rather than worrying about stock price volatility, “the possibility of permanent loss is the risk I worry about…and that every practical investor that I know is worried”. So it seems smart money knows that debt – which is usually involved in bankruptcies – is a very important factor when you’re assessing a company’s risk. We can see that Temenos SA (VTX:TEMN) uses debt in its business. But should shareholders worry about its use of debt?

Why is debt risky?

Debt and other liabilities become risky for a business when it cannot easily meet those obligations, either with free cash flow or by raising capital at an attractive price. If things go really bad, lenders can take over the business. However, a more common (but still painful) scenario is that it has to raise new equity at a low price, thereby permanently diluting shareholders. By replacing dilution, however, debt can be a great tool for companies that need capital to invest in growth at high rates of return. When we think about a company’s use of debt, we first look at cash and debt together.

See our latest analysis for Temenos

What is Temenos’ net debt?

As you can see below, Temenos had US$899.0 million in debt as of June 2022, up from US$1.05 billion the previous year. On the other hand, he has $105.7 million in cash, resulting in a net debt of around $793.3 million.

SWX:TEMN Debt to Equity History July 29, 2022

A look at the responsibilities of Temenos

We can see from the most recent balance sheet that Temenos had liabilities of US$672.5 million maturing in one year, and liabilities of US$1.00 billion due beyond. In return, he had $105.7 million in cash and $356.4 million in receivables due within 12 months. Thus, its liabilities total $1.21 billion more than the combination of its cash and short-term receivables.

While that might sound like a lot, it’s not that bad since Temenos has a market capitalization of US$5.59 billion, so it could probably bolster its balance sheet by raising capital if needed. But it is clear that it is essential to examine closely whether it can manage its debt without dilution.

In order to assess a company’s debt relative to its earnings, we calculate its net debt divided by its earnings before interest, taxes, depreciation and amortization (EBITDA) and its earnings before interest and taxes (EBIT) divided by its expenses. interest (its interest coverage). The advantage of this approach is that we consider both the absolute amount of debt (with net debt to EBITDA) and the actual interest expense associated with that debt (with its interest coverage ratio ).

Temenos’ net debt is 3.0 times its EBITDA, which is significant but still reasonable leverage. But its EBIT was around 14.8 times its interest expense, implying that the company isn’t really paying a high cost to maintain that level of leverage. Even if the low cost turns out to be unsustainable, that’s a good sign. Unfortunately, Temenos’ EBIT actually fell 4.4% last year. If profits continue to fall, managing that debt will be as difficult as delivering hot soup on a unicycle. When analyzing debt levels, the balance sheet is the obvious starting point. But it is future earnings, more than anything, that will determine Temenos’ ability to maintain a healthy balance sheet in the future. So if you want to see what the professionals think, you might find this free analyst earnings forecast report interesting.

Finally, a company can only repay its debts with cold hard cash, not with book profits. We must therefore clearly examine whether this EBIT generates a corresponding free cash flow. Fortunately for all shareholders, Temenos has actually produced more free cash flow than EBIT over the past three years. This kind of strong cash generation warms our hearts like a puppy in a bumblebee suit.

Our point of view

Fortunately, Temenos’ impressive interest coverage means it has the upper hand on its debt. But truth be told, we think its net debt to EBITDA somewhat undermines that impression. Looking at all of the above factors together, it seems to us that Temenos can manage its debt quite comfortably. On the plus side, this leverage can increase shareholder returns, but the potential downside is greater risk of loss, so it’s worth keeping an eye on the balance sheet. The balance sheet is clearly the area to focus on when analyzing debt. But at the end of the day, every business can contain risks that exist outside of the balance sheet. Know that Temenos displays 2 warning signs in our investment analysis you should know…

If you are interested in investing in companies that can generate profits without the burden of debt, then check out this free list of growing companies that have net cash on the balance sheet.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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KBRA issues preliminary ratings to Pagaya AI Debt Trust 2022-3 https://hhqh.net/kbra-issues-preliminary-ratings-to-pagaya-ai-debt-trust-2022-3/ Wed, 27 Jul 2022 12:50:00 +0000 https://hhqh.net/kbra-issues-preliminary-ratings-to-pagaya-ai-debt-trust-2022-3/ NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to three classes of bonds issued by Pagaya AI Debt Trust 2022-3 (“PAID 2022-3”), a consumer loan ABS transaction. Pagaya Structured Products LLC is a wholly owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a wholly owned subsidiary of Pagaya […]]]>

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to three classes of bonds issued by Pagaya AI Debt Trust 2022-3 (“PAID 2022-3”), a consumer loan ABS transaction.

Pagaya Structured Products LLC is a wholly owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a wholly owned subsidiary of Pagaya Technologies Ltd. (“Pagaya Technologies”), an Israeli company. Pagaya Technologies is a fintech company in the lending market that uses machine learning, big data analytics, and AI-based credit and analytics technology. This transaction is the third publicly sponsored rated securitization transaction by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”). Previously, Pagaya US Holding Company LLC served as sponsor for 16 unsecured consumer asset securitizations. Overall, Pagaya Structured Products LLC and Pagaya US Holding Company LLC have completed 25 securitizations for over $10 billion since 2018, including 18 secured by unsecured consumer assets, five securitizations secured by auto loan receivables and a securitization guaranteed by a loan backed by a single-family rental. Properties.

PAID 2022-3 has initial credit enhancement levels of 37.4% for Class A Notes and 26.25% for Class B Notes. The credit enhancement includes overcollateralisation, subordination of Note Classes first lien, a cash reserve account and an excess spread.

PAID 2022-3 will issue three classes of notes totaling $360 million. Proceeds from ticket sales and collections will be used to fund: (i) the pre-funding account; (ii) the reserve account; and (iii) pay certain transaction fees. PAID 2022-3 is a fully pre-funded transaction where there is no collateral funded at closing and the Notes are initially backed by amounts deposited in the pre-funded account. During the six-month pre-funding period, amounts deposited in the pre-funding account will be used to purchase unsecured consumer loans, subject to eligibility criteria and concentration limits, from the following MPL platforms: LendingClub Bank , National Association (“LendingClub”); MF Consumer Loan Trust (“Marlette”); Prosper Funding LLC (“Prosper”); Front, LLC (“Front”); and Upgrade, Inc. (“Upgrade”); SoFi Lending Corp (“SoFi”), Cross River Bank (collectively, the “Platform Vendors”). In addition, Pagaya may direct the Depositor to purchase Loans issued through a Platform Seller but held by its originating bank, including LendingClub and Cross River Bank (“CRB”). Each Platform Vendor or an Affiliate of each Platform Vendor will act as a servicer for Loans issued through its Platform. Loans issued by an originating bank are serviced by the originating bank, the platform vendor, or an affiliate of the platform vendor. Loans for purchase by Pagaya are issued or sold through the Platform Vendors with the assistance of proprietary credit technology provided by Pagaya Technologies. This proprietary credit technology is used to assess the credit quality of borrowers or potential borrowers from platform sellers and is based on artificial intelligence and machine learning.

KBRA applied its global ABS rating methodology for consumer loans, as well as its global structured financial counterparty methodology and its global ESG rating methodology as part of its analysis of the proposed capital structure for the transaction and historical data. on Pagaya’s gross losses. KBRA reviewed its operational reviews of Pagaya and each of the platform vendors, as well as periodic update calls with the company and platform vendors. KBRA conducted surveillance on recent securitizations of each platform. Operational agreements and legal opinions will be reviewed prior to closing.

Click on here to view the report. To access relevant notes and documents, click here.

Related Publications

Disclosures

Further information on key credit considerations, sensitivity analyzes that consider factors that may affect these credit ratings and how they could lead to an upgrade or downgrade, and ESG factors (where they are a key factor in changing the credit rating or rating outlook) can be viewed in the full rating report mentioned above.

A description of all substantially significant sources that were used to prepare the credit rating and information on the methodology(ies) (including all significant models and sensitivity analyzes of key relevant rating assumptions, if any) used to determine the credit rating are available. in the information disclosure form(s) located here.

Information on the meaning of each rating category can be found here.

Additional information relating to this rating metric is available in the information disclosure form(s) referenced above. Additional information regarding KBRA’s policies, methodologies, grading scales and disclosures is available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a rating agency with the UK Financial Conduct Authority under the temporary registration scheme. In addition, KBRA is designated as the Designated Rating Agency by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

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We think Texas Roadhouse (NASDAQ:TXRH) can manage debt with ease https://hhqh.net/we-think-texas-roadhouse-nasdaqtxrh-can-manage-debt-with-ease/ Mon, 25 Jul 2022 12:58:52 +0000 https://hhqh.net/we-think-texas-roadhouse-nasdaqtxrh-can-manage-debt-with-ease/ Berkshire Hathaway’s Charlie Munger-backed outside fund manager Li Lu is quick to say, “The biggest risk in investing isn’t price volatility, but whether you’re going to suffer a permanent loss of capital “. So it may be obvious that you need to take debt into account when thinking about the risk of a given stock, […]]]>

Berkshire Hathaway’s Charlie Munger-backed outside fund manager Li Lu is quick to say, “The biggest risk in investing isn’t price volatility, but whether you’re going to suffer a permanent loss of capital “. So it may be obvious that you need to take debt into account when thinking about the risk of a given stock, because too much debt can sink a business. Like many other companies Texas Roadhouse, Inc. (NASDAQ:TXRH) uses debt. But should shareholders worry about its use of debt?

Why is debt risky?

Generally speaking, debt only becomes a real problem when a company cannot easily repay it, either by raising capital or with its own cash flow. In the worst case, a company can go bankrupt if it cannot pay its creditors. However, a more usual (but still expensive) situation is when a company has to dilute shareholders at a cheap share price just to keep debt under control. That said, the most common situation is when a company manages its debt reasonably well – and to its own benefit. The first thing to do when considering how much debt a business has is to look at its cash and debt together.

What is Texas Roadhouse’s net debt?

The image below, which you can click for more details, shows Texas Roadhouse had $100.0 million in debt at the end of March 2022, a reduction from $240.0 million year-over-year. But he also has $325.7 million in cash to offset that, which means he has $225.7 million in net cash.

NasdaqGS: TXRH Historical Debt to Equity July 25, 2022

A Look at Texas Roadhouse’s Responsibilities

According to the last published balance sheet, Texas Roadhouse had liabilities of $541.8 million due within 12 months and liabilities of $860.3 million due beyond 12 months. In compensation for these obligations, it had cash of US$325.7 million as well as receivables valued at US$45.2 million and maturing within 12 months. Thus, its liabilities outweigh the sum of its cash and (current) receivables by $1.03 billion.

Given that publicly traded shares of Texas Roadhouse are worth a total of US$5.71 billion, it seems unlikely that this level of liability is a major threat. But there are enough liabilities that we certainly recommend that shareholders continue to monitor the balance sheet in the future. Despite its notable liabilities, Texas Roadhouse has clean cash, so it’s fair to say it doesn’t have heavy debt!

What is even more impressive is that Texas Roadhouse increased its EBIT by 238% year-over-year. If sustained, this growth will make debt even more manageable in years to come. The balance sheet is clearly the area to focus on when analyzing debt. But future earnings, more than anything, will determine Texas Roadhouse’s ability to maintain a healthy balance sheet in the future. So if you are focused on the future, you can check out this free report showing analyst earnings forecast.

Finally, while the taxman may love accounting profits, lenders only accept cash. Although Texas Roadhouse has net cash on its balance sheet, it’s still worth looking at its ability to convert earnings before interest and taxes (EBIT) to free cash flow, to help us understand how quickly it’s building ( or erodes) that money. balance. Fortunately for all shareholders, Texas Roadhouse has actually produced more free cash flow than EBIT for the past three years. This kind of high cash conversion gets us as excited as the crowd when the beat drops at a Daft Punk concert.

Summary

Although Texas Roadhouse’s balance sheet is not particularly strong, due to total liabilities, it is clearly positive to see that it has a net cash position of $225.7 million. And it impressed us with free cash flow of $268 million, or 102% of its EBIT. So is Texas Roadhouse debt a risk? This does not seem to us to be the case. When analyzing debt levels, the balance sheet is the obvious starting point. But at the end of the day, every business can contain risks that exist outside of the balance sheet. Be aware Texas Roadhouse poster 1 warning sign in our investment analysis you should know…

If, after all that, you’re more interested in a fast-growing company with a strong balance sheet, check out our list of cash-neutral growth stocks right away.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Financial company agrees to halve the debt of a victim of economic abuse https://hhqh.net/financial-company-agrees-to-halve-the-debt-of-a-victim-of-economic-abuse/ Sat, 23 Jul 2022 17:00:00 +0000 https://hhqh.net/financial-company-agrees-to-halve-the-debt-of-a-victim-of-economic-abuse/ The decision of an Auckland finance company not to pursue a woman for the entirety of a loan she had left after an abusive relationship is a precedent that other lenders should heed, says the charity Good Shepherd. Nicola Eccleton, head of social inclusion at Good Shepherd, said the woman incurred the debt after being […]]]>

The decision of an Auckland finance company not to pursue a woman for the entirety of a loan she had left after an abusive relationship is a precedent that other lenders should heed, says the charity Good Shepherd.

Nicola Eccleton, head of social inclusion at Good Shepherd, said the woman incurred the debt after being forced to secure a car loan during an abusive relationship.

When she ended the relationship last year and her former partner stopped repaying her loan, Aotea Finance sued the woman for the full loan.

But after months of negotiations with Good Shepherd, Aotea Finance agreed to split the loan and only ask for half of the repayment, Eccleton said.

READ MORE:
* His debt in his name: Economic damage in which the lenders are complicit
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Economic harm was a little-recognized form of domestic violence, but it was becoming increasingly well-known as activists and advocates, driven to raise its profile, she said.

This helped victim and survivor advocates negotiate fairer deals with lenders or cancel loans when lenders failed to meet their loan responsibilities.

“We’re undoing and setting new standards for expectations,” Eccleton said.

Nicola Eccleton, head of social inclusion at Good Shepherd, said the woman incurred the debt after being forced to secure a car loan during an abusive relationship.

Stacy Squires / Stuff

Nicola Eccleton, head of social inclusion at Good Shepherd, said the woman incurred the debt after being forced to secure a car loan during an abusive relationship.

In April, the case of another lender who went even further by writing off $12,000 owed by a woman in debt from an abusive partner, came to light.

In this case, the lender failed to carry out a proper affordability assessment and the woman complained to a complaints system.

The Bank of New Zealand revealed late last year that it had written off the debts of victims of economic abuse.

The woman being helped by Good Shepherd has a protective order in place and cannot be named.

She said her relationship was abusive and she was forced to secure a loan in 2021, so he could buy a car. His bad credit meant he wouldn’t qualify for a loan without the collateral, she said.

“Everything was fine at first, but over time he started controlling and demanding that I do what he said or there would be consequences,” she said.

“I couldn’t go to the shops alone. I couldn’t pick up the kids from school on my own,” she said.

“I couldn’t spend anything without him knowing.”

Her partner had arranged the guarantee and brought her the paperwork to sign, and she said she felt she had no choice but to agree.

“He brought it to me, then watched me sign it, then took it wherever it needed to go with it,” she said.

After interest and fees, the loan ended up at just over $3,200.

She said Aotea Finance asked her to repay the entire loan at a rate of $80 per week, which she could not afford.

Aotea’s chief financial officer, Terry Cooke, said there is no one-size-fits-all solution to such issues.

“Each case must be resolved frankly and factually on its own merits,” Cooke said.

“It is essential that all information about the loan and subsequent events be known, and that rarely happens,” he said.

Aotea's CFO, Terry Cooke, says there is no one-size-fits-all solution to such problems.

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Aotea’s CFO, Terry Cooke, says there is no one-size-fits-all solution to such problems.

“We can’t always resolve these situations because parties can become belligerent or difficult to manage,” he said.

Most of the loans were in common name and each party was responsible for the debt, he said.

“Sometimes a satisfying resolution is hard to come by, if customer advocates get involved, because they can become very protective of their customer, and the story they have can differ significantly from reality,” he said. he declares.

Women’s Minister Jan Tinetti said economic harm was a form of violence and abuse often overlooked.

“Given the short and long-term consequences of economic damage, we need to ensure the tools and resources are in place to manage the ongoing impacts for victims,” she said.

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Simply Better Brands Corp. announces a private company without brokerage https://hhqh.net/simply-better-brands-corp-announces-a-private-company-without-brokerage/ Thu, 21 Jul 2022 21:31:31 +0000 https://hhqh.net/simply-better-brands-corp-announces-a-private-company-without-brokerage/ VANCOUVER, British Columbia, July 21. 2022 (GLOBE NEWSWIRE) — Simply Better Brands Corp. (the “Company” Where “Simply better brands”) (TSX Venture: SBBC) (OTCQB: PKANF) is pleased to announce that it intends to complete a proposed non-brokered private placement (the “CD offer”) ‎secured convertible debentures (theConvertible debentures”) for total gross proceeds of up to $9,100,000. Each […]]]>

VANCOUVER, British Columbia, July 21. 2022 (GLOBE NEWSWIRE) — Simply Better Brands Corp. (the “Company” Where “Simply better brands”) (TSX Venture: SBBC) (OTCQB: PKANF) is pleased to announce that it intends to complete a proposed non-brokered private placement (the “CD offer”) ‎secured convertible debentures (theConvertible debentures”) for total gross proceeds of up to $9,100,000.

Each Convertible Debenture will mature on the date which is 24 months (the “Due date”) from the closing of the ‎CD Offering and will bear interest at the rate of 8.0% per annum, calculated annually. Interest will be payable quarterly until the maturity date and subject to the prior approval of the TSX Venture Exchange (the “TSXV”), such interest may be converted into common stock at the greater of (i) the 15 trading day VWAP on each applicable payment date, or (ii) the market price of the common stock.

The Convertible Debentures will be convertible at the option of the holder into common shares of the Company ‎‎(“Ordinary actions“) at a conversion price of $0.39 per common share (the ‎”Processing price“)‎. The Company may force the conversion of the Convertible Debentures if the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the “TSXV”) is ‎greater than $1.00 for five (5) ‎consecutive trading days‎. The Convertible Debentures will be secured by general security agreements over all present and future property of the Company.

The Company is also pleased to announce that it intends to complete a proposed non-brokered private placement of common shares (the “Placement of common shares”) of up to 11,016,949 common shares and a price of $0.295 per common share, for aggregate gross proceeds of up to $3,250,000.

The Company intends to use the net proceeds from the CD Offering and the Common Share Offering (collectively, the “Offerings”) for short-term debt reduction and general working capital to support the sales growth of its brand portfolio. The Company previously announced its preliminary sales for the six months ended June 30e, 2022 of 28.9 million USD which increased by more than 400% compared to the previous period. Approximately $5.35 million of the proceeds from the offerings are expected to be used to support anticipated second-half growth in SBBC brands and general working capital and the remaining $7.0 million will be used to reduce short-term debt. In addition, it is expected that the proceeds of the CD Offering will be used to reduce a portion of the short-term debt due within twelve months and replace it with the amounts of the two-year convertible debentures.

“Due to the strong growth of our PureKana, No BS Skincare and TRUBAR brands, our outlook for 2022 is $50-55 million, growing more than 300% from a year ago and margins forecasted gross revenues are expected to be 63-65.% up from 62% in the prior year, while achieving positive adjusted EBITDA. Securing this capital is a crucial step in fueling sustainable growth with strong balance sheet governance. Our operating fundamentals are strong and we look forward to the momentum this investment will unlock,” said Kathy Casey, CEO of Simply Better Brands Corp.

The terms of the proposed convertible debentures provide that no holder will become the beneficial owner thereof of more than 9.99% of the common shares of the Company. Accordingly, the Investments are not expected to have a material effect on the control of the Company.

The Convertible Debentures and Common Shares forming part of the Offerings, as well as any securities issuable upon conversion of the Convertible Debentures, will be subject to a statutory hold period of four months and one day from the date of issue of the Debentures. convertibles and ordinary shares. The offerings are each subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSXV.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

About Simply Better Brands Corp.

Simply Better Brands Corp. leads an international omnichannel platform with diversified assets in emerging plant-based and holistic wellness consumer product categories. The company’s mission is focused on leading-edge innovation for informed millennials and Gen Zers in the fast-growing space of wellness, natural and clean, plant-based ingredients. The company continues to focus on expanding into high-growth consumer product categories including plant-based foods, clean-ingredient skincare and plant-based wellness. For more information about Simply Better Brands Corp., please visit: https://www.simplybetterbrands.com/investor-relations.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact information

Simply Better Brands Corp.
Brian Meadows
Financial director
+1 (855) 553-7441
ir@simplybetterbrands.com

Forward-looking information

Certain statements contained in this press release constitute “forward-looking information” and “forward-looking statements” as such terms are used in applicable Canadian securities laws. Forward-looking statements and information are based on management’s plans, expectations and estimates as of the date the information is provided and are subject to certain factors and assumptions, including, among others, that the financial condition and development the Company’s plans do not change due to unforeseen events, the impact of the COVID-19 pandemic, the regulatory climate in which the Company operates, the Company’s ability to execute its business plans, its distribution plans, use of a supply chain, and claims relating to the efficacy and performance of the Company’s products. Specifically, this press release contains forward-looking statements relating to, but not limited to, statements relating to each of the offerings; the use of the net proceeds of the offers; and the receipt of all TSXV approvals therewith.

Forward-looking statements and information are subject to a variety of risks and uncertainties and other factors that could cause actual plans, estimates and results to differ materially from those projected in such forward-looking statements and information. Factors that could cause the forward-looking statements and information contained in this press release to change or be incorrect include, but are not limited to, changing consumer preferences, the impacts of COVID-19, the the Company’s financial condition and development plans change, the ability to obtain necessary regulatory approvals and the viability and risks of products, as well as other risks and uncertainties applicable to the Company and the industries in which it operates, and such as set forth in the Company’s filings available under the Company’s profile at ‎www.sedar.com. ‎

There is no representation by the Company that actual results achieved will be the same in whole or in part as those referenced in the forward-looking statements and the Company undertakes no obligation to publicly update or revise any of the includes forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Financial outlook

This press release contains forward-looking financial information and financial outlook information (collectively, “FOFI”) regarding financial results for the three months ended June 30, 2022 and the year ended December 31, 2022, including net sales , Gross Margin and Adjusted EBITDA, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth under the heading “Forward-Looking Information”. The Company’s actual financial results may differ from the amounts shown herein and such variation may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis, reflecting management’s best estimates and judgments and the FOFI contained in this press release has been approved by management as of the date hereof. However, since this information is subjective and subject to numerous risks, it should not be considered as necessarily indicative of future results. Except as required by applicable securities laws, the Company assumes no obligation to update this FOFI. The FOFI contained in this press release was issued as of the date hereof and has been provided for the purpose of providing additional information about the Company’s anticipated future business activities on a quarterly and annual basis. Readers are cautioned that the FOFI contained in this press release should not be used for any purpose other than that for which it is disclosed herein.

Non-IFRS Financial Measures‎

This press release makes reference to certain non-IFRS measures. Adjusted EBITDA refers to net earnings from continuing operations before interest, taxes, depreciation and amortization and removal of certain non-recurring, one-time or irregular items. Adjusted EBITDA is not a recognized earnings measure under IFRS and does not have a standardized meaning prescribed by IFRS. Management believes that Adjusted EBITDA is an alternative measure to assess the Company’s business performance. The measure most directly comparable to Adjusted EBITDA calculated in accordance with IFRS is net income.

See “Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) and Adjusted EBITDA (Non-GAAP Measures)” in the Company’s most recent MD&A available on SEDAR for a reconciliation of Adjusted EBITDA to earnings. net (loss) income.

Readers are cautioned that Adjusted EBITDA should not be interpreted as an alternative to net income as determined under IFRS; nor ‎as an indicator of financial performance as determined by IFRS; or a calculation of cash flows from operating activities as determined under IFRS; or as a measure of liquidity and cash flow under IFRS. The Company’s method of calculating Adjusted EBITDA may differ from methods used by other companies and, therefore, the Company’s Adjusted EBITDA may not be comparable to similar measures used by any other company. Unless otherwise stated, Adjusted EBITDA is calculated and disclosed by SBBC on a consistent basis from period to period. Specific adjusting items may only be relevant at certain times.

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European proptech Casavo secures €400m in equity and debt https://hhqh.net/european-proptech-casavo-secures-e400m-in-equity-and-debt/ Wed, 20 Jul 2022 06:03:33 +0000 https://hhqh.net/european-proptech-casavo-secures-e400m-in-equity-and-debt/ Italian proptech Casavo has raised €400m, consisting of a €100m Series D seed round and €300m in additional debt capital. Casavo raises 400 million euros The Series D equity fundraising, led by Exor, represents the largest proptech funding in Europe to date, Casavo said, as it seeks to broaden its platform and expand into new […]]]>

Italian proptech Casavo has raised €400m, consisting of a €100m Series D seed round and €300m in additional debt capital.

Casavo raises 400 million euros

The Series D equity fundraising, led by Exor, represents the largest proptech funding in Europe to date, Casavo said, as it seeks to broaden its platform and expand into new markets. .

The round saw participation from Neva SGR, Endeavor Catalyst, Hambro Perks, Fuse Ventures Partners and a number of angel investors, as well as all major existing investors including Greenoaks, Project A Ventures, 360 Capital, P101 SGR, Picus Capital and Bonsai Partners.

The Series D round “proves the strength of the company’s fundamentals and outlook despite challenging capital market conditions,” Casavo said.

The €300 million debt capital was provided by Intesa Sanpaolo, Viola Credit and other institutional lenders and brings the company’s borrowing capacity to over €500 million.

Casavo CEO and Founder Giorgio Tinacci said the new funding will enable the company to consolidate its position in Europe “by expanding into our existing markets in Italy, Spain and Portugal, while expanding into new new markets, France being a priority”.

Founded in 2017, Casavo started out as a home buying platform, but has since evolved into a marketplace where homeowners can sell or buy homes. To date, the company claims to have executed more than €1 billion in trades.

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Guanajuato Silver: GSilver on Track to Close US$15.3 Million Debt and Equity Financing https://hhqh.net/guanajuato-silver-gsilver-on-track-to-close-us15-3-million-debt-and-equity-financing/ Mon, 18 Jul 2022 12:44:19 +0000 https://hhqh.net/guanajuato-silver-gsilver-on-track-to-close-us15-3-million-debt-and-equity-financing/ THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES Financing the acquisition of three Mexican silver mines on schedule VANCOUVER, BC /ACCESSWIRE/July 18, 2022/ Guanajuato Silver Company Ltd. (the “Company” Where “GSilver“) (TSXV: GSVR) indicates that as of July 15, 2022, it has received subscriptions […]]]>

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES

Financing the acquisition of three Mexican silver mines on schedule

VANCOUVER, BC /ACCESSWIRE/July 18, 2022/ Guanajuato Silver Company Ltd. (the “Company” Where “GSilver“) (TSXV: GSVR) indicates that as of July 15, 2022, it has received subscriptions totaling approximately US$10.3 million (C$13.3 million) in connection with its equity financing of subscription receipts (the “Equity financing“) announced June 29, 2022 – “GSilver to acquire 100% of Great Panther’s Mexican mining assets “; and July 7, 2022 – “GSilver increases debt and equity financing to US$15.3 million.

Funds received:

Of these subscriptions, wire transfers totaling approximately US$7.1 million are currently held in escrow by the Company pending closing. The balance of the equity financing – approximately US$3.2 million – is expected to settle on July 21, 2022, as announced and per GSilver’s mantra -“on track, on schedule, on budget“.

  • James Anderson, President and CEO, said, “The oversubscription of our broker-dealer private placement is a major recognition of the quality of the assets we are purchasing and the execution ability of our team. operating. We look forward to completing the acquisition of Panther Mining’s Great Mexican assets and getting to work building Guanajuato Silver into a mid-tier precious metals producer. »

Debt component:

In conjunction with the equity financing, GSilver has also signed a Concentrated Prepayment Facility term sheet (the “PO facility“) with Ocean Partners (UK), a metals mining and trading company, to provide $5.0m financing for the purchase price of Great Panther Mining’s Mexican subsidiary, Minera Mexicana Rosario SA de CV (“MMR“), and for general corporate and working capital purposes. The OP facility will be for a 24-month term, secured by a pledge of MMR shares and repayable over a 21-month period after a three-month grace period. Interest on the OP Facility will be calculated at 12-month LIBOR + 7.5%. The closing of the OP Facility will occur concurrently with the acquisition of MMR (the “MMR acquisition“).

At Closing, the gross proceeds of the Equity Financing, less 50% of the Agents’ Cash Commission, will be escrow pending satisfaction of certain escrow release conditions, including concurrent closing of the acquisition of MMR and the acceptance of the TSX Venture Exchange (the “TSXV“); the Company expects to close the acquisition of MMR within the next three weeks.

All securities issuable in connection with the MMR Acquisition, Equity Financing and OP Facility, as previously announced, will be subject to a statutory hold period of 4 months and one day from the date of date of issue. There can be no assurance that the MMR Acquisition, Equity Financing and OP Facility, which remain subject to TSXV approval, will be completed on the terms contemplated by the Company or at all.

Stock options:

The Company also announces that its Board of Directors has approved the granting of 5,975,000 stock options, including 3,450,000 options to officers and directors of the Company. The options, which will vest over a two-year period, are exercisable for up to five years from the date of grant and have an exercise price of C$0.33. These options are part of a total compensation package for GSilver directors, officers, employees, advisors and consultants, and are designed to motivate GSilver team members as we embark on our next phase of growth.

About Guanajuato Silver Company Ltd. :

GSilver extracts and processes silver and gold concentrates from its El Cubo mine and mill. The Company continues to delineate additional silver and gold resources by underground drilling at El Cubo and its neighboring El Pinguico project. Both projects are located within 11 km of the city of Guanajuato, Mexico, which has an established mining history of 480 years.

ON BEHALF OF THE BOARD OF DIRECTORS
“James Anderson”
President and CEO

For more information about Guanajuato Silver Company Ltd., please contact:

JJ Jennex, Communications Manager, +1 (604) 723-1433
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

Keep following our progress at: www.GSilver.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities have not been and will not be registered in the name United States Securities Act of 1933, as amended (the “U.S. Securities Law“), or any state securities law and may not be offered or sold in the United States or to or for the account or benefit of a United States Person (as defined in Regulation S under U.S. securities law) unless registered under U.S. securities law and applicable state securities laws or an exemption from such registration is available.

Forward-looking information and statements

This press release contains certain forward-looking statements and information relating to future events or future performance, including, but not limited to, the acquisition of MMR on the proposed terms and conditions and the estimated time for its closing, GSilver’s ability to raise the necessary funds to complete the acquisition of MMR, including equity financing and the OP facility on the terms and conditions, in the amounts and on the timing currently contemplated, the quality of the mining assets of MMR and the Company’s Mexican operating team and the Company’s ability to become a mid-sized precious metals producer. These forward-looking statements and information reflect the managements current beliefs and are based on assumptions made by the Company and information currently available to it. Readers are cautioned that these forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limit, market conditions, availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, unanticipated geological formations and features, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. There can be no assurance that GSilver will successfully fund and complete the acquisition of MMR on the contemplated terms or at all. In addition, there is continued uncertainty surrounding the spread and severity of COVID-19, the ongoing war in Ukraine, rising inflation and interest rates (domestically and abroad) and the impact they will have on company operations, supply chains, the ability to access MMR, El Cubo and/or El Pinguico properties or acquire equipment, contractors and other personnel or raising capital in a timely manner or not at all and economic activity in general. All forward-looking statements and information contained in this press release are qualified by these cautionary statements and those contained in our continuous disclosure documents available on SEDAR at www.sedar.com and readers should not place undue reliance on it. Forward-looking statements and information are made as of the date hereof, and the Company undertakes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

THE SOURCE: Guanajuato Silver Company Ltd.

See the source version on accesswire.com:
https://www.accesswire.com/708883/GSilver-on-Track-to-Close-US153M-Debt-and-Equity-Financing

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Effectively manage and reduce your debt with these tips https://hhqh.net/effectively-manage-and-reduce-your-debt-with-these-tips/ Sat, 16 Jul 2022 21:44:35 +0000 https://hhqh.net/effectively-manage-and-reduce-your-debt-with-these-tips/ It will be a simple guide to managing and reducing your debts. First, be honest with yourself about how much you are spending and how much of that expense is strictly necessary. Establish a budget and devote a good part of your income to saving and paying off your debts. Then talk to a debt […]]]>

It will be a simple guide to managing and reducing your debts. First, be honest with yourself about how much you are spending and how much of that expense is strictly necessary. Establish a budget and devote a good part of your income to saving and paying off your debts. Then talk to a debt settlement company that can get your debts reduced and even waived of fees for you. Finally, be reasonable about paying off your debts and start with the debt with the highest interest rate.

Start by being honest with yourself

Be honest about how much you spend and whether all of your spending is necessary. While it is not recommended to cut out all unnecessary spending to the point of not enjoying life, it is wise to limit spending on luxuries and things that only bring you joy for a short time.

A good rule of thumb is 50% needs, 30% wants, and 20% savings and debt repayment. Use a 50/30/20 calculator to start your budgeting.

Frivolous spending is a surefire way to keep your debt high and unmanageable. You need to sit down and figure out how much you can realistically save. Once you’ve taken the first step to controlling your spending, you can budget for each month based on what you need to spend while still leaving some room for fun.

Once you have a budget and a monthly savings goal, you’ll be in a much better financial position to start paying off some of your debts and prevent them from growing any further.

Talk to a debt settlement company

A debt settlement is an agreement between a creditor (the lender to whom money is owed) and a consumer (who owes the debt) in which the total debt owed is reduced and sometimes fees are waived. The reduced debt balance is paid to the creditor in a lump sum instead of small monthly payments.

You can also consider debt consolidation as a valid option to reduce your debts. It is a form of debt refinancing, and basically it is when the borrower takes out one loan to pay off many other loans.

Depending on the type of debt you have, whether it’s credit card debt or tax debt, and whether you’re looking for debt consolidation or debt settlement, you’ll need to find a company that best suits your needs. You can research good debt relief companies online and find one that is known to be successful in the area you need. Your debt resolution provider should create a personalized debt relief program specific to you and your needs to improve your financial well-being.

The sooner you talk to a financial advisor about your debt situation, the better, because you can begin to address the financial issues you’re facing and turn the corner for the better before your debts mount. Compare tax relief services before committing to a service, as there are many to choose from. They all have different areas of expertise and have varying degrees of accreditation and minimum tax liability required, among other variables.

Manage debt payments by interest rate

If you have multiple debts to settle, this is good financial advice to keep in mind. To reduce your debt as quickly as possible, pay the minimum amount you are allowed to pay each month on all your debts, except the one with the highest rate.

On the debt with the highest interest rate, pay as much as you can afford each month. Eventually, you will clear the debt and your highest interest rate will be gone. Once that debt is eliminated, you should move on to your next highest rate debt and start paying more than the minimum on that one instead.

Continue this process until all your debts are finally cleared. It’s a great way to mitigate the effects of high interest rates. According to Business Insider, some experts define anything between 2% and 6% as high, so if you have debt with rates in that region, focus on those.

This has been a brief guide to managing and reducing your debts. Remember that 50% of your income should be spent on needs, 30% on wants, and 20% on saving and paying off debt.

Talk to a debt settlement company to get your debts reduced and maybe even waived of fines. A good company can relieve a lot of the pressure that your debts put on your finances.

Finally, pay off your debts in a logical order, starting with the one with the highest interest rate. With these three tips for managing and reducing your debt, you should find that you’re in a much more organized and stable place with your debts.

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