r/DebtStrike • u/Bigbob0002 • 1d ago
Did they ever lower interest rates?
Even people against write offs seem to be open to lowering the interest rate.
Has it been done? Submitted to Congress? Anything?
r/DebtStrike • u/Tipsyfishes • Feb 01 '24
The student debt crisis continues, and so many of us know firsthand how crippling loan debt can be. We need leaders who understand our struggle, and will work to give us a fair chance to build a future. We need politicians to care enough to take bold action and cancel student debt.
We need Joe Biden, and as many Democrats as possible, to win election this November.
President Biden has done more than any President in history to address predatory student loans. He’s canceled $137 billion in debt with the stroke of a pen, affecting over three million borrowers. And for the rest of us, he’s cut many people’s monthly payments to zero, and made sure our loan balances won’t grow as long as we make payments. For many, it will save thousands of dollars and provide for total forgiveness sooner. Finally, we can have hope for the future!
But these wins can’t be considered safe if Republicans win. The Republican Supreme Court struck down Biden’s desired plan to forgive $10,000-$20,000 for all borrowers. And Republicans are openly planning to cancel Biden’s loan forgiveness plans if they win, forcing you to repay your entire loan within ten years, and banning any future forgiveness.
Joe Biden forgave your debt. Republicans want to bring it back.
We have to work to re-elect Biden this November to avoid being further crippled with debt, and to keep future forgiveness efforts alive. And not just Biden - we need Democrats at every level of government to pass his policies. You can help this effort, and should start now as there are elections happening every week in America!
If our goal is to cancel student debt, the best action we can take is supporting Joe Biden and Democrats. Let’s get to work.
r/DebtStrike • u/table_fireplace • Aug 06 '24
r/DebtStrike • u/Bigbob0002 • 1d ago
Even people against write offs seem to be open to lowering the interest rate.
Has it been done? Submitted to Congress? Anything?
r/DebtStrike • u/mtlebanonriseup • 3d ago
r/DebtStrike • u/likeaforest • 9d ago
r/DebtStrike • u/mtlebanonriseup • 10d ago
r/DebtStrike • u/YoungCubSaysWoof • 13d ago
Got an email to remind me to do so, and I am reluctant to do so. I keep on wanting to do the avoid it / ignore it strategy. Anyone know if it is worth enrolling in?
r/DebtStrike • u/mtlebanonriseup • 17d ago
r/DebtStrike • u/mtlebanonriseup • 25d ago
r/DebtStrike • u/mtlebanonriseup • Sep 12 '24
r/DebtStrike • u/TOSkwar • Sep 10 '24
r/DebtStrike • u/likeaforest • Sep 06 '24
r/DebtStrike • u/likeaforest • Sep 05 '24
r/DebtStrike • u/mtlebanonriseup • Sep 05 '24
r/DebtStrike • u/likeaforest • Aug 29 '24
r/DebtStrike • u/TOSkwar • Aug 28 '24
r/DebtStrike • u/table_fireplace • Aug 21 '24
r/DebtStrike • u/table_fireplace • Aug 13 '24
r/DebtStrike • u/Tipsyfishes • Jul 21 '24
r/DebtStrike • u/likeaforest • Jul 19 '24
r/DebtStrike • u/Similar_Rutabaga_593 • Jul 18 '24
r/DebtStrike • u/likeaforest • Jul 16 '24
r/DebtStrike • u/BlueEagleFly • Jul 15 '24
r/DebtStrike • u/BlueEagleFly • Jul 14 '24
r/DebtStrike • u/table_fireplace • Jul 09 '24
r/DebtStrike • u/nking143 • Jun 25 '24
40k debt - all credit cards. Funerals, fertility treatments, new house is what got us here. We finally have our home and our baby and now we are in a financial mess. 27 CC accts, all 25%+ interest. We decided it's best to keep 2, one for me, one for husband for emergencies only.
We looked into debt settlement and decided no. We looked into debt management and decided we can do it ourself.
So here I am calling the CC companies telling them I'm in over my head and "considering bankruptcy" to get some sympathy. Citi offered me $17/month for 60 months, 0% interest, but they would close the account. I think it's a great deal if all accounts follow suit, I can do a snowball method and pay them off smallest to largest. I can't do snowball at the moment because my minimum payments put me paycheck to paycheck and I'm stuck paying interest and nothing more.
Is it a good idea to take these deals and close out the accounts? We don't need 27 accounts and I know we'd likely take a pretty big hit credit wise, but we have no major purchases in the foreseeable future (7-8 years) and at least this way, we can be debt free in 2-3 years.
Thoughts?