I'm fine with forgiving interest but it has nothing to do with third-party payment processors. That interest goes to the government.
No they're not the source of misery. They're merely the implementation of the misery. Less "predatory" processors that allowed people to de-facto default on their loans without harassment would be fine, but there's a reason the govt. doesn't hire or create such processors.
-
-
I sinderely don't follow. They are actively engaging in damaging practices. The Consumer protection board found this. States have filed lawsuits. Obama era protections limited some of the behavior, then Trump admin pulled back and the complaints are up.https://www.consumerreports.org/student-loans/student-loan-servicers-complaints-mount-as-protections-erode/ …
-
Yes. The point is, hiring (or creating) processors that don't do shitty things to harass people to repay their loans is basically letting people de-facto default. Which is fine, though not nearly as good as formally letting people default. There's a reason neither has been done.
-
You're complaining about this big mean dog that's biting your leg, and you want the dog's owner to get a nicer friendlier dog. But there is a reason the dog's owner got a mean dog and sicced it on you in the first place! The govt. wants its money back!
-
Right, but this point is undercut by the fact that: 1) Abuse was bad 2) Obama era protections, Consumer protection board caused a drop 3) Elimination/Restriction of those things caused abuses to leap up again It means that there is something wrong with the way its being done.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.