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Banks saying your mortgage or credit cards or student loan is in default before the city is recovered enough for you to earn if a paycheck again.
by jacalata 9y ago
Banks saying your mortgage or credit cards or student loan is in default before the city is recovered enough for you to earn if a paycheck again.
- Consultant32452 9y agoMy personal anecdote has been the complete opposite of that. A few days after Irma my bank called to tell me late fees and penalties had been waived for the month. A week later they called to inform me that the program had been extended through the end of the year. That was just something they did without asking me if I needed any assistance or anything. If the end of the year wasn't going to be sufficient they would be happy to work with me on an individual level.
- briandear 9y agoIs it the fault of the bank that you haven’t created a rainy day fund? Nobody forced you to get a mortgage, credit cards or student loans. Common sense indicates people should have 6 months of living expenses saved. Many people can’t afford to do that, but then if that’s the case, why are people incurring debts? A student loan implies a college degree, which implies that we aren’t talking about the profoundly poor, but some standard issue millennial. And student loan default is really hard to do; you can get forebearances for practically any reason. There is zero excuse to default on student loans; they have every payment plan imaginable.
- deleted 9y ago[deleted]