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re: Rejoice debtors, Biden says student loans won't be considered delinquent until 9/30/2024
Posted on 7/5/23 at 11:15 am to Odysseus32
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?
Posted on 7/5/23 at 11:18 am to SlimTigerSlap
quote:
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?
Did you finish reading?
I'm not worried about these people. I'm worried about the effects these people's tough times will have on the economy as a whole.
I know it isn't a popular opinion here, but when our poorest people have decent lives the entire country does better. I'm not saying hand it to them, I'm saying don't enact policy that is going to frick these people over long-term without them realizing it.
It's nothing to do with these people. It's everything to do with me not wanting to have to avoid most areas of a city.
Don't confuse apathy with hatred. I don't hate people worse off than me. I don't care about them. I don't want to teach them a lesson. I don't care if they learn lessons. I just don't want even more a hellscape.
This post was edited on 7/5/23 at 11:19 am
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