7 Million People Haven't Made A Single Student Loan Payment In At Least A Year

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Vic

Vic

Elite Member
Jun 12, 2001
50,422
14,333
136
LegendKiller said:
And the "solution" presented by Barnie and Billery is utterly moronic. So now what?
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Sounds like nobody has a simple solution to this complex problem then. I guess I better vote Trump then just because you want to bully me into doing so.
 
L

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Vic said:
Sounds like nobody has a simple solution to this complex problem then. I guess I better vote Trump then just because you want to bully me into doing so.
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The problem isn't complex.

Nor was the mortgage crisis. It's simple - just don't lend money to people who can't pay you back. Solid underwriting. Put skin in the game for all parties.

You just need to stop listening to special interests.
 
Vic

Vic

Elite Member
Jun 12, 2001
50,422
14,333
136
LegendKiller said:
The problem isn't complex.

Nor was the mortgage crisis. It's simple - just don't lend money to people who can't pay you back. Solid underwriting. Put skin in the game for all parties.

You just need to stop listening to special interests.
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That doesn't help me collect on the loans that were already made.
Plus, student loans aren't like mortgage loans. Mortgage underwriting uses the borrower's existing income to calculate their ability to repay a loan using real property as collateral. Student loans attempt to project future income and have no collateral.
 
L

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Vic said:
That doesn't help me collect on the loans that were already made.
Plus, student loans aren't like mortgage loans. Mortgage underwriting uses the borrower's existing income to calculate their ability to repay a loan using real property as collateral. Student loans attempt to project future income and have no collateral.
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But then they weren't using income for mortgages, were they?

Just like they aren't using projections on future income. They aren't using a single shred of underwriting. Sure, student loans have collateral, the entire life of the student, until they die.

Just shows you have no fucking clue what you're talking about. You're just another simpleton claiming Trump is a simpleton. You don't even understand the problem, yet you think you can judge Trump?

Get the fuck outta here.
 
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Blue_Max

Blue_Max

Diamond Member
Jul 7, 2011
4,223
153
106
LegendKiller said:
Gotta be PC. Can't hurt people's feelers, or shock them into thinking.
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Heh. Very true. ;) "Your rights END where my feelings begin!" ;)

Vic said:
Because you believe your opinions should be immune from criticism? Try not to be so entitled.
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Believe it or not, criticism I'm fine with! Unfortunately, what I get from the usual SuperLiberal/SJW/feminist/apologist crowd is shaming tactics. No actual reasoning as to WHY my opinion is considered "wrong" to them, or facts to contradict. Just textbook insults and shaming to incite emotions in others.

Emotion != data.
 
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Vic

Vic

Elite Member
Jun 12, 2001
50,422
14,333
136
LegendKiller said:
But then they aren't using income for mortgages, were they?

Just like they aren't using projections on future income. They aren't using a single shred of underwriting. Sure, student loans have collateral, the entire life of the student, until they die.

Just shows you have no fucking clue what you're talking about. You're just another simpleton claiming Trump is a simpleton. You don't even understand the problem, yet you think you can judge Trump?

Get the fuck outta here.
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You haven't a clue what you're fucking talking about. Credit rating is not collateral.
 
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L

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Vic said:
You haven't a clue what you're fucking talking about. Credit is not collateral.
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I lend out more money in a year than you have in your whole life shit-for-brains. When you don't underwrite credit and have a non-dischargable loan, your credit is your collateral.

Now go back to your puny ass mortgages and leave this problem to the big boys.
 
Vic

Vic

Elite Member
Jun 12, 2001
50,422
14,333
136
Blue_Max said:
Heh. Very true. ;) "Your rights END where my feelings begin!" ;)



Believe it or not, criticism I'm fine with! Unfortunately, what I get from the usual SuperLiberal/SJW/feminist/apologist crowd is shaming tactics. No actual reasoning as to WHY my opinion is considered "wrong" to them, or facts to contradict. Just textbook insults and shaming to incite emotions in others.

Emotion != data.
Click to expand...

You should read your own posts sometime. You never say anything except someone is wrong because (pejorative).
 
MongGrel

MongGrel

Lifer
Dec 3, 2013
38,466
3,067
121
I'm not even starting on this thread, it's BS overload.
 
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V

Victorian Gray

Lifer
Nov 25, 2013
32,083
11,718
136
Blue_Max said:
Heh. Very true. ;) "Your rights END where my feelings begin!" ;)



Believe it or not, criticism I'm fine with! Unfortunately, what I get from the usual SuperLiberal/SJW/feminist/apologist crowd is shaming tactics. No actual reasoning as to WHY my opinion is considered "wrong" to them, or facts to contradict. Just textbook insults and shaming to incite emotions in others.

Emotion != data.
Click to expand...

sad%20puppy.jpg
 
Slew Foot

Slew Foot

Lifer
Sep 22, 2005
12,379
96
86
Lazy ass millenial cupcakes cant be bothered to do anything else other than post on facebook.
 
E

Exophase

Diamond Member
Apr 19, 2012
4,439
9
81
Maybe we'll start seeing people get denied for student loans if it doesn't look like they show any reasonable prospects of being able to pay them off. And then maybe tuition costs will start coming down.

But at best this will take a very long time to really start happening, and at worst it's a pipe dream. Something is going to collapse more fantastically.

Vic said:
Just because you're being criticized for being a douchebag doesn't mean that you're not allowed to continue being a douchebag.
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Blue_Max posted opinions about student loan policies that was reasonably on topic and out of nowhere Moonbeam called him a misogynist. It didn't have anything to do with anything he posted in this thread. And now you're saying it's fair game for him to be criticized for being a douchebag.

I don't want a forum where people follow each other around threads to flame them into submission. If you must harass people at least do it in private where it doesn't derail threads.
 
Mai72

Mai72

Lifer
Sep 12, 2012
11,562
1,741
126
Londo_Jowo said:
Actually the government can get blood from a stone, it's call wage garnishment.
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Not if you don't make enough money.

It's hard to get money from someone who only has enough for the basics, such as rent, food, and electricity.

*I'm not saying it's right. People should pay back their loans.
 
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