A growing movement poses the question: We have the numbers, so what if we just stopped?

I left college $25,000 in debt, a fact I’m reminded of every month when an email from Great Lakes Borrowers Services informs me that Your Automatic Payment Will Be Made Soon. But relative to most American graduates, I got off easy: The average amount borrowed by an undergraduate in the most recent school year was $29,000, and the national debt burden comes in at a staggering $1.6 trillion, a number that feels impossible to fathom on its own. It’s higher than the nationwide total of credit card debt or car loans and second only to mortgages.

For the millions of former students struggling to make their monthly payments, debt was sold to us as the cost of a better life.Continue reading→

With quite a few some body way of living regarding paycheck to salary now, trying to a payday loan whenever faced with a crisis cash demands will get inevitable. But not, one of the biggest trouble out of providing these brief label signature loans is that the rates of interest are extremely large, and this advances the relative prices.Continue reading→