[-empyre-] Debt Culture--types of debt
deenalarsen at yahoo.com
Wed Nov 21 10:25:29 EST 2012
I wonder how we perceive different types of debt. Although medical bills cause over 60% of the bankruptcies in the US, we perceive bankruptcy as a moral and financial failure.
Attempts to take medical debt off of credit reports have so far failed. So this would indicate that we do not differentiate between medical debt and "consumer" debt.
Student loan debts can not be forgiven in bankruptcy, and now there are reports of parents who cosigned on student loan debts and who are being held responsible for those debts after the children die. So this would indicate that consumer debt is somehow better than an education debt...
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