Viewing profile — debtfreer

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 …

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 is…

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 …

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) …

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…

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 mon…