My view all along has been that if the US had done the difficult thing (let the banks fail, let equity and
debt holders face whatever came and only protected depositors) we would have seen real and organic recovery by now.
Not exact matches
Rising interest rates can also lead to increased default rates, as
holders of adjustable rate
debt find themselves
faced with higher payments.
First time credit card
holders tend to have the «buy now pay later» idea, and these are the people who find themselves
facing a wall of
debt.
In that presentation it is clear the CFPB not only takes the issue of student loan
debt seriously, but is very aware of the problems
facing private student loan
holders.
That's more than 70 percent of recent college graduates, with the average Class of 2016 degree
holder facing $ 37,172 in outstanding student loan
debt.