Comment on Americans could see their credit scores fall through floor soon
douglasg14b@lemmy.world 3 days agoNah 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)
orbituary@lemmy.dbzer0.com 3 days ago
Student debt is unforgivable.
douglasg14b@lemmy.world 2 days ago
Unsure if you read my comment?
And… Medical debt… Is somehow not worse than student debt?
orbituary@lemmy.dbzer0.com 2 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.