VDATC deputy general director Pham Manh Thuong (standing) addresses the press meeting on November 13 (Photo: VNA) Hanoi (VNA) – The Vietnam Debt Asset Trading Corporation (VDATC), in collaboration with the Asian Development Bank, will organise the 4th International Public Asset Management Company Forum (IPAF) from November 14-15. VDATC deputy general director Pham Manh Thuong told the press on November 13 that the forum aims to improve capacity of the IPAF members, policy-makers and experts, contributing to stability of the regional economy. The IPAF will work to fortify its mechanism in response to economic crisis, thus promoting the recovery ability of the economy. Thuong said that the annual summit meeting slated for November 14 will look to finalise the agenda of the international conferences and issue joint statement which defines IPAF activities in its new term. The meeting will officially ratify the admission of the Vietnam Asset Management Company (VAMC) as a new IPAF … [Read more...] about Vietnam to chair 4th asset management company forum
Debt management companies
10 reasons you might want to consider debt management
By Linda Bell Published October 31, 2018 Personal Finance FOXBusiness Facebook Twitter Comments Print video US national debt is the biggest issue facing this country: Gary Johnson New Mexico Senate candidate Gary Johnson says that the national debt is the biggest issue facing the U.S. Are you swimming in debt and not sure how to handle it? Mike Sullivan, personal finance consultant at Take Charge America says two of the most popular strategies for people to get out of debt are debt management and debt settlement. While they sound similar, there are key differences. Continue Reading Below “Debt management is a process whereby a consumer pays off his or her accumulated debt over a period of years, in conjunction with agreements with the credit card companies,” he says. “It is a long-term process that helps you get out of debt by working with creditors. Debt settlement, on the other hand, is a hugely somewhat shorter … [Read more...] about 10 reasons you might want to consider debt management
Vietnam gets new debt trading company
According to the National Business Registration Portal, VNAMC has been set up with an initial charter capital of VND100 billion ($4.4 million) for the purpose of debt trading and debt trading brokerage and consulting, with Tran Ngoc Bich and Tran Uyen Phuong owning a 50 percent stake each. The two also serve as vice presidents of their father’s Tan Hiep Phat Beverage Group, Vietnam's largest domestic private soft drinks company. Bich is in charge of the group’s production management while Phuong is responsible for its marketing, public relations, and CSR programs. Observers said the establishment of VNAMC might be related to the entry of Tan Hiep Phat in realty industry. With the debt trading firm, Tan Hiep Phat can buy properties mortgaged by borrowing companies to enlarge its land fund, they said. Thanh recently bought more than 550,000 shares, equivalent to a 1.2 percent stake, in Saigon Real Estate Joint Stock Company. Founded in 1994, Tan Hiep Phat is … [Read more...] about Vietnam gets new debt trading company
Payday lender Wonga pushed to the brink as claims management companies look for ‘next PPI’
Payday lender Wonga is considering insolvency among the options as it tries to deal with a deluge of complaints from claims management companies looking for “the next PPI”. Wonga said it is assessing “all options” for the group, which is struggling under the burden of a large number of compensation claims. The controversial firm raised £10m from existing shareholders at the start of the month in a move designed to cover the cost of increased payouts. However, a spokesperson for Wonga said: “The number of complaints related to UK loans taken out before the current management team joined in 2014 has accelerated further, driven by claims management company activity.” Some industry experts say claims management companies – which seek compensation on behalf of customers for a fee – have set their sights on the payday lending sector, with the deadline for lucrative payment protection insurance (PPI) claims in August 2019 approaching. Sara … [Read more...] about Payday lender Wonga pushed to the brink as claims management companies look for ‘next PPI’
Seniors, Don’t Fear A Lawsuit For Old Debt
provided by Published 3:00 pm, Friday, April 13, 2018 MoneyTips By Eric Olsen Executive Director, HELPS Nonprofit Law Firm According to the Kaiser Foundation, almost half (21 million) of American seniors have incomes below 200% of the poverty line. Many have debt they can't afford to pay. When debt is not paid, collectors call, send demand letters, and sometimes file a lawsuit. Being served legal papers can be a scary experience for a senior. I recently spoke with a concerned couple served by a sheriff's deputy with a lawsuit for an old credit card debt. This had never happened to them before. I promised that they would feel much better after I explained things.This couple's only income was Social Security and a modest pension. After their basic needs, there was no money left over. My name is Eric Olsen. I have been an attorney for nearly forty years and am the Executive Director of HELPS Nonprofit Law Firm, a nationwide charitable law firm that helps lower-income … [Read more...] about Seniors, Don’t Fear A Lawsuit For Old Debt