Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection.
Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection.
One of them kind of is necessary.
If you don’t have some kind of “objective standard” to decide who gets a loan or not, you’re at the whims of the loan officer sitting in front of you; Including all the bias they (knowingly or not) bring to the table.
It’s wanted. By the loan industry. It isn’t necessary.
So you want nobody to get loans?
That doesn’t address my comment at all.