@[email protected] to [email protected] • 2 years ago62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgexternal-linkmessage-square166fedilinkarrow-up1466cross-posted to: [email protected]
arrow-up1466external-link62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.org@[email protected] to [email protected] • 2 years agomessage-square166fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilink3•2 years agoNo, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.
Your income is the collateral. The banks will take it.
No, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.