Monday, August 12, 2019, 01:35

Welcome to Your Space to Comment on Monetary Issues! 

We have brought to your attention some pressing issues about money, debt, student debt, total inconsistencies of what government and the banking industry espouse - compared with their actions and probable consequences of actions if what we are told is true.

What do you feel about such things? Share your thoughts and tell us your background!


Hal C. wrote:
Tuesday, August 13, 2019, 00:23
Very interesting! I await the completion of your website to educate myself.

I am a parent that has been caught in the trap of borrowing for my two kids - which was fine at first, but now, with interest compounding in the lender's favor at 6 or 7% per year, my balance principal owed is over $300,000.00, and I will never be able to pay it off.

Worse, as you say, my car insurance is double what it would be if I had good credit or low debt to asset ratio..... Clearly I will die with this debt. How did I deserve this?
Lance J wrote:
Monday, December 14, 2020, 09:54
In reading Hal C's blog post, I have similar problem. My 3 children went to their chosen universities and my wife and I had to take out loans for them. I now owe more than $500,000 that we can't ever pay back or even break even. The lenders renew the loans but recapitalize the debt - increasing the principal owed in order to not "foreclose". The only question is whether we will die soon enough to escape the back-breaking debt that will take everything we own. What can we do about it? Our credit scores were near 800 before, and now they are in the 600 range. I can't get a car loan or lease.
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Blog

Monday, August 12, 2019, 01:35

Welcome to Your Space to Comment on Monetary Issues! 

We have brought to your attention some pressing issues about money, debt, student debt, total inconsistencies of what government and the banking industry espouse - compared with their actions and probable consequences of actions if what we are told is true.

What do you feel about such things? Share your thoughts and tell us your background!


Hal C. wrote:
Tuesday, August 13, 2019, 00:23
Very interesting! I await the completion of your website to educate myself.

I am a parent that has been caught in the trap of borrowing for my two kids - which was fine at first, but now, with interest compounding in the lender's favor at 6 or 7% per year, my balance principal owed is over $300,000.00, and I will never be able to pay it off.

Worse, as you say, my car insurance is double what it would be if I had good credit or low debt to asset ratio..... Clearly I will die with this debt. How did I deserve this?
Lance J wrote:
Monday, December 14, 2020, 09:54
In reading Hal C's blog post, I have similar problem. My 3 children went to their chosen universities and my wife and I had to take out loans for them. I now owe more than $500,000 that we can't ever pay back or even break even. The lenders renew the loans but recapitalize the debt - increasing the principal owed in order to not "foreclose". The only question is whether we will die soon enough to escape the back-breaking debt that will take everything we own. What can we do about it? Our credit scores were near 800 before, and now they are in the 600 range. I can't get a car loan or lease.
(*) Required fields
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