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Not what I have heard

Posted on: March 20, 2020 at 10:44:05 CT

meatiger MU

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M.O.B. Votes:

I have heard interest still accrues, but no payments until the crisis is over, and they will just add the payments on the back end of the loan.

I have also seen that credit card companies have allowed deferred payments with no interest or late fees accumulating during period.

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

Here's something the Feds should consider: - Deputy Dawg MU - 3/20 10:00:10

I'll amend that to say all federal student loans. - Deputy Dawg MU - 3/20 10:10:11

Better idea. - Newcatbirdseat MU - 3/20 10:12:03

I think all loan collections should be put on a 90 day hold - tigerinhogtown STL - 3/20 10:07:01

there's no central planning capable of saving the - ashtray UF - 3/20 10:27:30

ok, but what harm is done to banks if they defer 3 months - tigerinhogtown STL - 3/20 10:32:34

Most banks have defered - meatiger MU - 3/20 10:36:01

the only defer I heard was people could defer their - tigerinhogtown STL - 3/20 10:41:54

Not what I have heard - meatiger MU - 3/20 10:44:05

that would be great. and go so much further than - tigerinhogtown STL - 3/20 10:45:26

if they choose to do that of their own free will - ashtray UF - 3/20 10:35:43

Ideally I agree, but I believe some type of gov't mandate - tigerinhogtown STL - 3/20 10:42:54

“who said anything about forcing them to do so?” - pickle MU

- 3/20 10:45:15

I think loan COLLECTIONS should be put on hold - tigerinhogtown STL - 3/20 10:46:28

"some type of gov't mandate" - meatiger MU - 3/20 10:49:43

"some type of gov't mandate would be better than...." - tigerinhogtown STL - 3/20 10:52:39

mandates and gvmt “laws” are force - pickle MU

- 3/20 10:55:29

I'm offering an alternative - "better than" - tigerinhogtown STL - 3/20 11:01:08

no you aren’t. You’re calling for the use of force (nm) - pickle MU

- 3/20 11:19:57

yes, people collecting on sums owed should be - 90Tiger STL - 3/20 10:16:09

What if the loan collection companies - meatiger MU - 3/20 10:08:32

You don't think that lenders have bills? - meatiger MU - 3/20 10:22:40

I run a business, overhead is the same - tigerinhogtown STL - 3/20 10:28:15

he must think they just exist to deposit checks and have - 90Tiger STL - 3/20 10:24:38

if the business / building is shutdown, what outgo do they - tigerinhogtown STL - 3/20 10:30:14

Maybe they have decided - meatiger MU - 3/20 10:32:13

and those employees that are still working can't get a - tigerinhogtown STL - 3/20 10:40:13

RE: and those employees that are still working can't get a - meatiger MU - 3/20 10:42:48

you know there is a difference between collections & - tigerinhogtown STL - 3/20 10:44:23

Almost like chain restaurants really are not local(nm) - meatiger MU - 3/20 10:25:51

that comment, like most, went over your head. - 90Tiger STL - 3/20 10:28:08

I completely agree with that comment - meatiger MU - 3/20 10:30:22

oops...wrong place(nm) - meatiger MU - 3/20 10:24:14

i never understand his posts (nm) - pickle MU

- 3/20 10:23:21

what bills? and if employees don't have loan payments to - tigerinhogtown STL - 3/20 10:19:18

RE: what bills? and if employees don't have loan payments to - meatiger MU - 3/20 10:24:02

seig heil (nm) - pickle MU

- 3/20 10:08:28

no (nm) - pickle MU

- 3/20 10:07:00

RE: no (nm) - tigerinhogtown STL - 3/20 10:17:48

I’m going to side with liberty and rights every time (nm) - pickle MU

- 3/20 11:00:23

Do you also whine - meatiger MU - 3/20 10:04:17

Spoken like a true deadbeat. If there's no punishment... - Deputy Dawg MU - 3/20 10:08:30

taxation is theft - ashtray UF - 3/20 10:29:47

So you would be fine - meatiger MU - 3/20 10:09:27