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Comment on Americans could see their credit scores fall through floor soon

orbituary@lemmy.dbzer0.com ⁨5⁩ ⁨days⁩ ago

As if there wasn’t enough evidence that this shit was a fucking racket before. Now, saddled with shit we can’t remove - student debt being the worst - we’re subjected to this new rating system.

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Zanathos@lemmy.world ⁨4⁩ ⁨days⁩ ago
Sure seems they are doing their best to remove the possibility of any type of government forgiveness program that could come to be.

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douglasg14b@lemmy.world ⁨4⁩ ⁨days⁩ ago
Nah medical that definitely is worse than student debt.

It’s involuntary, your life and well-being hinges on your health

It’s not a metric that determines credit worthiness. You didn’t explicitly go out and get a loan to borrow money for some endeavor like school

It’s often cripplingly massive

It often builds up over time and becomes unmanageable as individual debts often have to be paid individually and minimum payments overlap to create unsustainable monthly burdens (ie. $100/m over 18 providers = $1800/m)
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- orbituary@lemmy.dbzer0.com ⁨4⁩ ⁨days⁩ ago
  Student debt is unforgivable.
  
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  - douglasg14b@lemmy.world ⁨3⁩ ⁨days⁩ ago
    Unsure if you read my comment?
    
    And… Medical debt… Is somehow not worse than student debt?
    
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    orbituary@lemmy.dbzer0.com ⁨3⁩ ⁨days⁩ ago
    I read it.
    
    Medical debt can be forgiven through several means. The debt itself is bad, but because through programs aimed at reducing the debt, or even through filing bankruptcy, it can be removed, your qualifier, “worse than” is met by Student Debt.
    
    Student debt cannot be forgiven. As in, there are no means by which it can be reduced or removed, even in cases of bankruptcy. This is why Biden attempted to remove the debt entirely, failed, but was able to do so in smaller chunks for some people.
    
    I may not like most of what Biden did - he was far too weak and didn’t represent the people well enough - this was a good thing and would have assisted millions.
    
    Please educate yourself on the types of debt, the actions people can take to expunge it, and maybe some financial stuff. Not everything is equal.
    
    TL;DR: While bad, medical debt is not worse than student debt.
    
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