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

• douglasg14b@lemmy.world ⁨3⁩ ⁨weeks⁩ 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 ⁨weeks⁩ 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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