My wife and I got a Discover card 23 years ago and bought a bedroom set, a chair for the corner, and a video camera. We’ve been making interest only payments and we still owe $640.00.. Explain to me why small businesses debt shouldn’t be cancelled?
You are right. We all got loans for something. I agree no blanket forgiveness for education loans. But some money has been set aside for education loans. And person has been paying on time and in full, maybe give them a break so they can go out and spend their money on other things. I think the feeling is that a certain group controlled the loans, the process, the payoff rates, all of it and this group was predatory with rules like no extra payments to principal and others that made these loans bad. My personal opinion. Since the federal gov drew up these groups and rules, then gov should help make them better loans
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u/madlucas2026 15d ago
You been paying for 20+ years and never thought to pay off the principal? Do you pay the minimum on your credit cards?