Taxpayer-backed student loans are the real crisis... these loans are paying for kids who have no business being in college in the first place can get worthless degrees when they are going to wind up being barristas at starbucks and default on these loans and the Dems will just waive the requirement to ever pay it back. Some leftist college professor makes tenure, and the school builds a new arena and hire more administrators with $200k salaries. It’s a tremendous scam... and You and I pay for it all.
At least with a used car, it can be reposessed and sold to the next “victim” of “predatory” lenders.
Actually, you know what is funny, today I was sorting through papers in a box as I settle into a new home I just closed on. 3 years ago, because I did not own a single credit card, I got a letter from a department store chain saying that my application for credit with them was rejected.
I laughed. Now I have 6 credit cards (that I rarely use), a nice truck I am making payments on, and a 30 year mortgage on a 67 acre farm. FU Kohl’s.
LOL. Not a fan of Kohls I take it. You are right about student loans. That is the real predatory lending scam.
Taxpayer-backed student loans are the real crisis...
I thought these were only loans that could not be defaulted.
The way I described situation- was that loanee just became economic slave to the govt.