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 revamped and stacked rating system.
Nah medical debt is definitely worse than student debt. Maybe not buy a total number of people affected, but just by the nature of it makes us so much more egregious.
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)
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 in and of itself as a financial construct is not worse than student debt.
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 revamped and stacked rating system.
Sure seems they are doing their best to remove the possibility of any type of government forgiveness program that could come to be.
Nah medical debt is definitely worse than student debt. Maybe not buy a total number of people affected, but just by the nature of it makes us so much more egregious.
Student debt is unforgivable.
Unsure if you read my comment?
And… Medical debt… Is somehow not worse than student debt?
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 in and of itself as a financial construct is not worse than student debt.