The past six months in my job working to help people targeted by loan sharks have been busier because of the pandemic. I work to help people who are in debt and have turned to unregulated money lenders. The Covid pandemic has made everything worse. A mental health professional calls our hour helpline, reporting a safeguarding concern regarding a client who has had their bank card taken. The loan shark is withdrawing all their benefit payments, leaving the victim in severe rent arrears and very little money to live on.
Death, Sex & Money: I Was In Debt. Then My Sister Offered Me $16, on Apple Podcasts
Jordan Gibbs: Umm, the government. Definitely a secret. JG: Oh god. Yeah, it is. In the years since graduating, Jordan has never made a payment on her student loan. JG: You start getting emails all the time, like, "Hey, Jordan, your student loans are past due," and then you get like one of those pink envelopes in the mail. Maybe, like, on and off for about a year.
Sex of respondent and credit attitudes as predictors of credit card use and debt payment
The stories were vivid and touching, and the amount of debt some of the interviewees had was staggering, often to fund professional or graduate school. We have all read disturbing journalistic accounts about college graduates with no jobs and hundreds of thousands of dollars in debt for their college education. But what does the data reveal about student loan debt? Is there a student debt crisis? Beth Akers and Matthew M.
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