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A comment on Online installment loans have taken the subprime market by storm. Parent comment

Re:Online installment loans have taken the subprime market b... by streblo on Tuesday October 29, 2019 @12:29PM (#21389007)
> I feel like the government should be offering some type of non predatory debt relief comparable to this.

Just want to point out the fact that US government-backed student loans are non-dischargeable through bankruptcy. You will have that albatross around your neck until you pay it off or die. This is the ultimate predatory loan and it's provided by the government.

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Re:Online installment loans have taken the subprime market b... by alecco on Tuesday October 29, 2019 @05:26PM (#21392221)
Good luck giving credit to students without any backing.
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Re:Online installment loans have taken the subprime market b... by Twixes on Tuesday October 29, 2019 @06:15PM (#21392688)
Thats's kind of what the UK, for example, does with student loans – you only pay them off as a fraction of the part of your income above a threshold and any debt remaining after 30 years is simply forgiven.
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