/r/DebtStrike
DebtStrike is a place to showcase the actions taken by the Biden Administration to reduce if not outright eliminate student debt for the American people, as well as a place to highlight other debt forgiveness.
DebtStrike is a place to showcase the actions taken by the Biden Administration to reduce if not outright eliminate student debt for the American people, as well as a place to highlight other debt forgiveness.
If you would like to support the Biden admin and give him the margins in congress to further give him the ability to expand these forgiveness. Then volunteer from home
Help strike even more debt - Elect Democrats everywhere!
May 7th
Indiana primaries
May 14th
Anchorage, AK Mayor runoff - Suzanne LaFrance
Maryland primaries
Nebraska primaries
West Virginia primaries
May 21st
Kentucky Supreme Court District 5 - Pamela Goodwine
Georgia primaries
Idaho primaries
Kentucky primaries
Oregon primaries
May 28th
June 4th
Iowa primaries
Montana primaries
New Jersey primaries
New Mexico primaries
South Dakota primaries
Washington DC City Council primaries
June 11th
Ohio's 6th Congressional District - Michael Kripchak
Maine primaries
Nevada primaries
North Dakota primaries
South Carolina primaries
June 18th
Alabama House of Representatives District 52 primary
Georgia primary runoffs
Oklahoma primaries
Virginia primaries
/r/DebtStrike
Even people against write offs seem to be open to lowering the interest rate.
Has it been done? Submitted to Congress? Anything?
Got an email to remind me to do so, and I am reluctant to do so. I keep on wanting to do the avoid it / ignore it strategy. Anyone know if it is worth enrolling in?
40k debt - all credit cards. Funerals, fertility treatments, new house is what got us here. We finally have our home and our baby and now we are in a financial mess. 27 CC accts, all 25%+ interest. We decided it's best to keep 2, one for me, one for husband for emergencies only.
We looked into debt settlement and decided no. We looked into debt management and decided we can do it ourself.
So here I am calling the CC companies telling them I'm in over my head and "considering bankruptcy" to get some sympathy. Citi offered me $17/month for 60 months, 0% interest, but they would close the account. I think it's a great deal if all accounts follow suit, I can do a snowball method and pay them off smallest to largest. I can't do snowball at the moment because my minimum payments put me paycheck to paycheck and I'm stuck paying interest and nothing more.
Is it a good idea to take these deals and close out the accounts? We don't need 27 accounts and I know we'd likely take a pretty big hit credit wise, but we have no major purchases in the foreseeable future (7-8 years) and at least this way, we can be debt free in 2-3 years.
Thoughts?