return2ozma@lemmy.world to News@lemmy.world · 11 months ago62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgexternal-linkmessage-square166fedilinkarrow-up1469arrow-down125
arrow-up1444arrow-down1external-link62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgreturn2ozma@lemmy.world to News@lemmy.world · 11 months agomessage-square166fedilink
minus-squareTheWoozy@lemmy.worldlinkfedilinkarrow-up1arrow-down2·11 months agoYour income is the collateral. The banks will take it.
minus-squareRiyria@sopuli.xyzlinkfedilinkarrow-up3·11 months agoNo, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.
Your income is the collateral. The banks will take it.
No, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.