"Borrowers Get Break: New Policy Offers Relief to Eligible Debtors. In a move aimed at easing the financial burden on struggling households, a new policy has been introduced that will allow some borrowers to benefit from a reduction in their debt. While the change is not a blanket reprieve for all borrowers, those who meet the eligibility criteria will be able to take advantage of the new rules. The specifics of the policy and who will qualify remain unclear, but experts warn that the details will be crucial in determining the true impact of the change."
The change does not apply to all borrowers, and those pursuing the reduction will need to meet eligibility criteria.
