- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Rejoice debtors, Biden says student loans won't be considered delinquent until 9/30/2024
Posted on 7/5/23 at 11:13 am to SlimTigerSlap
Posted on 7/5/23 at 11:13 am to SlimTigerSlap
quote:
So taxpayer money will not bail out borrowers. Why the long faces regarding credit hits? How does that affect anyone personally?
It's not so much a long face as it is needing stitches right now and instead placing a bandaid over the wound. After we take the bandaid off, we will still need stitches and now we have an infection to deal with as well.
I worry about the effects of this on an even greater level of welath inequality when a lot of people who were living paycheck to paycheck get their credit score knocked because they thought this was a pause and they can't get approved for anything to make ends meet except shark loans.
Am I personally worried about these people who make a bad decisions? No. I'm worried about the government's half measures leading to a bigger mess in 36 months.
1
Posted on 7/5/23 at 11:15 am to Odysseus32
quote:
I worry about the effects of this on an even greater level of welath inequality when a lot of people who were living paycheck to paycheck get their credit score knocked because they thought this was a pause and they can't get approved for anything to make ends meet except shark loans.
You can't worry about the people who will make this mistake, because they aren't doing so mistakenly. They will be warned monthly that payment is late, I assume. Interest will pile up, I assume. How could they not know?
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News