Millenials Are A Trillion Dollars In Debt And Most Don't Even Own A Home

[Sad Bunny]

Mi is now life of loan. Depending on when you originated.

That's true but there are some places where you can get rid of it.

I think people should be taught financial literacy early on because I know people who bought houses with minimal down payments and they have huge mortgages and monthly payments and they really shoot themselves in the foot

 

[The M.I.C.]

I’m in default operations so my job is dependent on people losing value in their home or not being able to make payments.

If the bubble in treasuries pops, which it is in the slow process of doing, it'll take more of the dollars you earn to buy what you're already normally get. Will your job be willing to give pay raises to keep up with the rate of inflation?

 

[Orange cream shake]

That's true but there are some places where you can get rid of it.

I think people should be taught financial literacy early on because I know people who bought houses with minimal down payments and they have huge mortgages and monthly payments and they really shoot themselves in the foot

Absolutely agree.

If the bubble in treasuries pops, which it is in the slow process of doing, it'll take more of the dollars you earn to buy what you're already normally get. Will your job be willing to give pay raises to keep up with the rate of inflation?

It’s like that now lol. I see what you are saying tho.

 

[Kal-El]

I got 20K left on my student loan. Paying of 1k a year for the next 20 years. Little to no interest.

Not mad at that actually

 

[DatNkkaCutty]

As if this is groundbreaking news...

As millennials...we were finessed and force-fed throughout our entire grade school years into going to college....

"Go to college..."

"You won't be successful...unless you go to college and get a degree..."

Fast-forward....and there are...no jobs (combined w/ factors already in place like racism & nepotism)...most jobs aint payin shyt...so then you can't payback your student loan and again...your credit is shot.

No credit...no credit cards or approvals!

Of course...mortgage debt is low. MFers can't afford a down-payment or a home...and their credit is shot....


These cacs knew what type of scheme they were runnin from the rip. These student loans were meant to enrich the govt. and the ones at the top...


Whats bein done to fix it? Fuk these BS articles...

 

[™BlackPearl The Empress™]

nikkas need to learn laws concerning debt collections and the art of the discharge. People out here paying money to people they don't owe a dime to for a debt that has already been paid off.

 

[How Sway?]

Have 30k I debt only to work a job that pays $12.00/hr that has a 'preference' for college graduates brehs

And you expect me to buy a home when I can barely pay rent?

With roommates?

 

[Pazzy]

nikkas need to learn laws concerning debt collections and the art of the discharge. People out here paying money to people they don't owe a dime to for a debt that has already been paid off.

Do tell.

 

[kayslay]

College is a scam at this point but people keep signing up for it because God forbid they have a "regular job"

Then they wind up in debt doing all types of odd jobs just to be able to eat ramen noodles

Exactly then end up working a regular job any damn way.

 

[kayslay]

Have 30k I debt only to work a job that pays $12.00/hr that has a 'preference' for college graduates brehs

And you expect me to buy a home when I can barely pay rent?

With roommates?

What state do you live in?

 

[3rdWorld]

America is on its last legs..Millenials dont have what it takes to take this Empire forward.

 

[Donald J Trump]

nikkas need to learn laws concerning debt collections and the art of the discharge. People out here paying money to people they don't owe a dime to for a debt that has already been paid off.

point brehs in the right direction

 

[Donald J Trump]

America is on its last legs..Millenials dont have what it takes to take this Empire forward.

cuz these old ass senators and presidents sittin around fat and eatin good

no one speakin on whats really going on

you got aoc over here tryna be captain planet n shyt

 

[™BlackPearl The Empress™]

Do tell.

Basically when these companies sell your debt your are not obligated to pay the new company unless you agree to do so.

One of my students loans was sold to Navient. I went back and forth with them with 4 or 5 months and eventually they removed the debt from my credit report altogether.

 

[MJ Truth]

It's not a scam if you are smart and have parents who coach you correctly.

The scam is going to a school you can't afford which can be prevented via good parenting and schooling and a little bit of knowledge.

I couldn't have gotten my job without a degree and my school debt was minimal compared to the average person

Sounds good and all but there's too many if there.