debtfreer

4 ms·

1.
by debtfreer 8y ago
During the private student loan heyday circa 2000-2007, anyone with a decent bank affiliation could spin up a "private student loan" company, write up thousands of loans, and sell them off to the bigger banks and trust portfolios,
2.
by debtfreer 8y ago
Can I try to change your opinion? Thousands of people are filing for bankruptcy every day which – by implication – are getting a break on loans that you would otherwise pay. The issue is where debtors, who cannot presumably discharge their
3.
by debtfreer 8y ago
1. The money is in the form of a loan, which by virtue of our fractional reserve system, is created upon signing a promissory note. This is the basic form of money creation in the United States. Repaying the loan extinguishes the principal
4.
by debtfreer 8y ago
Default usually occurs around 120 days after the last payment has been made. Federal student loans typically have mechanisms (deferment, forbearance, income-based repayment plans) that make it nearly impossible to truly default on the loans
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by debtfreer 8y ago
Some students experience circumstances that can place them into a bind, only to run into the presumed non-dischargeable nature of student loans. Third year students that are unable to qualify for additional loans to meet expected family con
6.
by debtfreer 8y ago
Most consumer debt is not in the form of a hard money loan (actual dollars) but rather by the money creation mechanisms (money multiplier) of our fractional reserve system. The money created by the loan was effectively "materialized ou