If your choice is draining your entire bank account to the point you can’t afford to live or suffering a credit score penalty, then the credit score should be sacrificed.
“but they can…”
Stop. Nothing they can do is worse than starving. Don’t pay them. Use your money for your own needs.
Try getting an apartment or renewing a lease with a truly shit credit score.
Oops, you don’t qualify anymore, anywhere, your options are now homelessness, much more expensive hopping between motels every 3 weeks, or live in your car, hope you’re still making those payments.
Fairly difficult to cost-effectively cook and store food when you’re in any of those situations.
Oh, excuse me for being crippled from a mugging and then having all my bank and id cards and phone stolen and then spending a year homeless and another year bouncing from motel to motel while trying to replace my id and unfuck my credit score with 3 bureaus without a permanent address and with a broken arm and wrist and leg, whilst also being unable to afford any medical treatment.
Yep, total corporate shill over here, totally not barely alive, only thanks to barely being able to keep my details current with social security so I could at least get disability payments.
Go fuck yourself buddy, I hope what happened to me happens to you.
If this happens to too many people the economy will suffer. Eventually they’ll have to start ignoring credit scores. We’re rapidly reaching a point where the system can no longer compensate for the incompetencies and inequality and stuff will start breaking mechanically in ways that can’t be easily fixed or routed around
Everything you are describing has been happening and increasing in severity for years.
Usually what happens in an economic contraction is that credit lending standards raise, not lessen.
The free market doesn’t give a shit about bad investments, which is what you are if your credit record sucks.
… And the government is basically now run by a bunch of AnCaps and Fascists.
We’re looking more likely to become an indentured servitude, debt slave, company town style society, you know, just like the 1890s, that Trump is trying to take us back to, back before the income tax and much of the government actually was funded via tariffs.
I’d love to be as optimistic as you are, but uh hey, when was the last time you fed a homeless person, personally?
America hates the homeless, shanty towns aren’t even possible anymore, those are all now ‘homeless encampments’ that are literally bulldozed away, and all the homeless in them are ‘referred’ to shelters that are already full.
The easiest propoganda line to have all the media blare at everyone is just that all the people driven into homelessness by losing a job, being unable to pay a debt, serious injury or illness… well they’re all violent drug addicts, and really they should all just die, or not be near me, ew.
Trump already called for creating concentration camps of massive tent cities built on the outskirts of cities for the homeless.
With no DOE employees to process defaults?
Nobody should be paying a red cent.
If your choice is draining your entire bank account to the point you can’t afford to live or suffering a credit score penalty, then the credit score should be sacrificed.
“but they can…”
Stop. Nothing they can do is worse than starving. Don’t pay them. Use your money for your own needs.
I wish more people understood no one can stop you if there is no one to stop you.
Try getting an apartment or renewing a lease with a truly shit credit score.
Oops, you don’t qualify anymore, anywhere, your options are now homelessness, much more expensive hopping between motels every 3 weeks, or live in your car, hope you’re still making those payments.
Fairly difficult to cost-effectively cook and store food when you’re in any of those situations.
well that isnt true. my last apartment was 0 credit checks. just pay and live.
Oh hey it’s the same corporate troll line again cool
Oh, excuse me for being crippled from a mugging and then having all my bank and id cards and phone stolen and then spending a year homeless and another year bouncing from motel to motel while trying to replace my id and unfuck my credit score with 3 bureaus without a permanent address and with a broken arm and wrist and leg, whilst also being unable to afford any medical treatment.
Yep, total corporate shill over here, totally not barely alive, only thanks to barely being able to keep my details current with social security so I could at least get disability payments.
Go fuck yourself buddy, I hope what happened to me happens to you.
Dude that sucks, but student loans didn’t cause that.
If this happens to too many people the economy will suffer. Eventually they’ll have to start ignoring credit scores. We’re rapidly reaching a point where the system can no longer compensate for the incompetencies and inequality and stuff will start breaking mechanically in ways that can’t be easily fixed or routed around
Everything you are describing has been happening and increasing in severity for years.
Usually what happens in an economic contraction is that credit lending standards raise, not lessen.
The free market doesn’t give a shit about bad investments, which is what you are if your credit record sucks.
… And the government is basically now run by a bunch of AnCaps and Fascists.
We’re looking more likely to become an indentured servitude, debt slave, company town style society, you know, just like the 1890s, that Trump is trying to take us back to, back before the income tax and much of the government actually was funded via tariffs.
I’d love to be as optimistic as you are, but uh hey, when was the last time you fed a homeless person, personally?
America hates the homeless, shanty towns aren’t even possible anymore, those are all now ‘homeless encampments’ that are literally bulldozed away, and all the homeless in them are ‘referred’ to shelters that are already full.
The easiest propoganda line to have all the media blare at everyone is just that all the people driven into homelessness by losing a job, being unable to pay a debt, serious injury or illness… well they’re all violent drug addicts, and really they should all just die, or not be near me, ew.
Trump already called for creating concentration camps of massive tent cities built on the outskirts of cities for the homeless.
https://www.newsweek.com/trump-wants-make-homelessness-illegal-1795202
This is the plan, unless an actual revolution of some kind occurs.