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Debt burden news, articles and videos from MailOnline. Debt Burden: The Secret To Financial Freedom If you're struggling to pay down your debt, you're not alone. Millions of Americans are struggling under the weight of their debt. But there are steps you can take to make sure your debt doesn't get out of control. Here's what you need to know about debt burden and how to take control of your financial future. Debt Burden: What Is It? Debt burden is the amount of money you owe compared to the amount of money you have available to pay your bills. The higher your debt burden, the harder it can be to manage your finances and make ends meet. It's important to understand the different types of debt you may be carrying, including credit cards, mortgages, student loans, car loans, and other forms of consumer debt. How to Reduce Your Debt Burden The best way to reduce your debt burden is to start by making a budget and tracking your spending. This will help you assess where you can cut back and where you can make extra payments to help pay down your debt. You should also look into consolidating your debt or refinancing your loans
Thames Water, the UK's largest water firm, is facing financial challenges due to its massive £18 billion debt burden as the water regulator, Ofwat, has told the firm it must secure additional funding independently, rather than relying on a taxpayer bailout.
The forecast includes two expected policy rate cuts by the MPC in April and June 2024 to sustain a neutral monetary policy stance and support economic growth while alleviating high debt burdens for vulnerable businesses and households.
China will play a 'positive role' in easing the financial difficulties of cash-strapped Sri Lanka and its bid to achieve 'debt sustainability' while Colombo will accelerate the formulation of a BRI cooperation plan to advance Beijing’s projects in the island nation, a joint statement said on Saturday.