It's well-known that young and naive kids have been taking out loans for college that they cannot easily afford to pay back afterwards.
Predatory student loans target individuals who will be desperate enough for tuition money to sign whatever comes back there way- only to exacerbate their inevitable debt with additional charges that bring them further from closing the account. Why? Long-term payments. And when said company decides they need the $, they sell the debt to another company.
@admitsWrongIfProven @neekeeteen @Wolven
Even I have to step in on this one @freemo .
It's well-known that young and naive kids have been taking out loans for college that they cannot easily afford to pay back afterwards.
Predatory student loans target individuals who will be desperate enough for tuition money to sign whatever comes back there way- only to exacerbate their inevitable debt with additional charges that bring them further from closing the account. Why? Long-term payments. And when said company decides they need the $, they sell the debt to another company.