I am 29 years old and in $1 million dollars in debt

[audemarzz]

Bankruptcy does not erase student loan debt. You can never get that debt erased unless it’s been 30 years, you go to prison or a psych ward, or you die. There is no way to erase it.

wait so if i go to a psych ward I can get my school debt erased . . . i mean the shyt is driving me crazy . . .any links I might have a out thanks bruh

 

[collateral.]

They might as well kill themselves

 

[hayesc0]

Their parents are exactly why they are in this mess to begin with Who do you think co-signed all of that student loan debt?

I get that all im saying is they make alot of money and are living with the parents not even living in the house the own.

 

[JT-Money]

Wife's Spending Out Of Control and I'm Terrified For My Family!



I Lost My Job And Found Out My Wife Hid Credit Card Debt


These simps never learn.

 

[He Who Posts Well]

His face here has me cracking up

He thinking they some stupid muthafukkas

I am still confused how they got all those credit cards and how they kept getting approved with large credit lines.

 

[Ciggavelli]

wait so if i go to a psych ward I can get my school debt erased . . . i mean the shyt is driving me crazy . . .any links I might have a out thanks bruh

I’ve actually been to the psych ward, so I know a bit about this. When you are in the psych ward, you don’t have to pay student loan debt. Once you get out, you have to start paying it again. So, you have to stay in the hospital for the rest of your life to stop paying student loan debt. I’ve been to a psych ward (I was very suicidal) and you don’t want to be there for any reason. It is one step removed from prison. You have no freedom, you can’t leave, and they check on you every 15 minutes. shyt sucked

 

[Serious]

how do loan companies even let you take out that much...

 

[Ciggavelli]

how do loan companies even let you take out that much...

If I remember correctly, I think you can take out like $135k with no questions asked. Everybody can get that. After that I think you gotta apply for it and show how you’ll pay it off in the future

 

[He Who Posts Well]

If I remember correctly, I think you can take out like $135k with no questions asked. Everybody can get that. After that I think you gotta apply for it and show how you’ll pay it off in the future

Who is this 'everybody' you speak of?

 

[Ciggavelli]

Who is this 'everybody' you speak of?

I’m not sure what you mean, but the gov lets everybody, regardless of major or degree, take that much out. After that, you have to prove how you’ll pay it back. That’s the way it was 8 years ago when I last checked. It might be more now.

 

[EndDomination]

Degree in policy

She's earning six figures, its not a bad degree at all, if you're not an idiot and too scared to take math.
From Brookings to the FedGov to McKinsey, there are plenty of high-paying Policy jobs.

I wouldn't even stick my dikk in a bytch with a milly debt

Let alone marry the chick eternal L

They have a shared debt of a mil, closer to $700k when she gets rid of the condo, which was being leased.

Haven't watched yet but what in 29 years can you do to rack up a million dollars of debt that probably doesn't include a mortgage

They have a mortgage, and its largely poor financial decision making.

I thought only debt that happened during marriage is shared?

They each have a portion of the debt, once you're married at your combined salaries are substantial, you move as a unit.

They might as well kill themselves

It'll only take 4-5 years of aggressive spending to get their debt back to 0.

 

[Tha Gawd Amen]

What type of credit card company allows a customer too rack up 100k of debt? When they run a credit report and see their absurd amount of debt, how do they approve a new line or line increase? What in the fukk do you buy to rack up 100k of debt on credit cards?

 

[Paper Boi]

i ain't gonna watch the whole thing. how much is it from student loans and what degrees did they attain?

 

[Thatrogueassdiaz]

They could file for bankruptcy knock out all the student loan debt in a year get the parents to cosign for a condo or something be debt free and be in great financial shape before the husband is 40 years old.

I.thought you couldnt file bankruptcy on student loans?

 

[phcitywarrior]

This is why I think debt is a chain. Their story, save the CC debt, isn't too far off from couples where both people have advanced degrees. You spend so much money to get into the high income earning potential only to have a debt burden that would require 4-5 years of very small living to completely clear off. You haven't even factored in kids and the type of lifestyle you'd want them to afford.

People just live their entire lives indebted, unable to truly feel financially free.

"The borrower will always be a slave to the lender"