Best Debt Companys

166 Companies 2,736 Real Customer Reviews

ESM Head Official Regling is Optomistic in IMF Participation of Third Greek Bailout

Posted By:  |  August 27, 2015  |  0 Comment(s)

Managing Director of the European Stability Mechanism, Klaus Regling, said on Thursday he expects the IMF to participate in a third Greek bailout bringing as much as $18.11 billion suggesting options for easing debt burdened Greece including loan maturity extensions, suspending interest payments and transferring central bank profits.

Klaus Regling, head of ESM

Klaus Regling, head of ESM

The IMF counteracted saying Greece’s debt is unsustainable and it does not want to participate in the bailout until debt relief is foreseeable.

“Overall, I’m confident,” says Regling, expecting support for the bailout to grow in Athens adding, “There has been a large majority in Greece’s parliament for these reforms.” Regling has remained confident in the €86 billion aid package with participation from the IMF, although its involvement remains uncertain.

A cut in Greece’s nominal debt, known as a haircut, is not yet on the agenda, although Regling mentions debt relief for Greece is possible in autumn.

Greek Prime Minister Alexis Tsipras said on Wednesday he favors longer repayment terms and lower interest rates on the country’s debt burden.

In an interview on Alpha TV, Tsipras made no mention of writing off any debt, a campaign promise made during the January election, opposed by the largest Greek bailout contributor, Germany.

Greek has threatened an exit from the eurozone should Athens not fulfill the promised conditions of this third bailout agreement.

“This threat as a possibility must always be there and is still there,” said Regling.

Greek Prime Minister Tsipras resigned earlier last week in attempts to restore trust by calling early elections with his choosing of candidates during the resignation. The country is now expected to enter a pre-election period today.

 

Poll

  • How important is it to you for a debt consolidation company to offer financial education resources?
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

Recently Reviewed:

Trending Blog Post:

Want us to review a company?

If there is a debt company that you don't see on our site, and would like us to review, please contact us.

Real Reviews (yes they’re real)

With so many debt relief companies out there, and a lack of sites willing to bring you the HONEST breakdowns of each company, what source can you turn to for the real information you can trust?

We are dedicated to bringing the truth out, and rank debt relief companies as they should be. Through our investigation, and experience with each company, we rank each company, and bring you our honest, unbiased opinion. We also include authentic user reviews by past customers of each company that are moderated and verified.

Like many sites, we are compensated through affiliate relationships with each company we review, however all of our rankings are based on our 11-Point Ranking Criteria.

All reviews are subject to moderation and approval. Any reviews that may resemble false information, or competitors of another company will need to be verified by our staff before being approved and published. We reserve the right to approve or deny any reviews left on this site.