Michigan Loan Forgiveness Physician
Make no mistake, our economy is in bad shape. Economic conditions are worse today than at any time since the Great Depression. Need proof? 42 million Americans are receiving Food-Stamps. Unemployment in many areas has soared to double digits. Food prices are up dramatically as a result of fuel costs, packaging, and crop failures. Greedy corporations are hoarding cash. They have invested in hundreds of millions of dollars in their own stock over the past year, like hogs at the trough!
Meanwhile, American families go hungry. Highly profitable corporations feel no patriotic responsibility to create American jobs and continue to outsource jobs overseas! Congress operates in a state of gridlock - nothing is accomplished. The American people - hard-working people - from coast to coast, stand on the sidelines, dejected and angry. Still, many nourish the hope that tomorrow will be a better day.
For many of us, that "better day" has not yet arrived. We can't see it on the horizon. We have lost our jobs, our homes, our health insurance, spent down our savings to cover living expenses, and now we are at the end of our rope. The top 1% make more money than the first 50% of American workers. Billionaires have little concern for everyday people.
As if it were not enough that our jobs, homes, and security are gone, there are many Americans who are also sick. Many, are simply too sick to perform any meaningful work. Faced with no other option, these Americans apply for Social Security Disability Benefits and SSI.
Creditors simply don't care that we are disabled. They insist upon payment no matter what.
Unsecured creditors such as credit card companies, doctors, hospitals, clinical labs, radiology outfits, and other health care providers can drive us crazy by engaging high-pressure bill collectors to call us fifteen times every day about bills we simply cannot pay. But, because their debt is typically "unsecured debt" they know it will be extremely difficult to collect if you cannot, in fact, pay. They can harass and harangue, but that's about all.
Student Loans = Serious Debt! Beware of Liens & Wage Garnishment!
Student loans, like federal, state and county taxes, are serious debt. Folks who fail to pay-up on their student loans may really be in peril. What do I mean? I mean that such loans are backed-up by the federal government, and the government is deadly serious about collecting their money. Companies holding portfolios of student loans will not hesitate to obtain liens and institute wage garnishment proceedings against you if you do not pay.
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