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Debt Strike

Next Steps In The Fight For Debt Relief

The student loan pause offered a safety raft to millions of Americans who are drowning in debt. The Supreme Court’s recent 6-3 decision to block student debt relief will devastate these borrowers, many of whom finally experienced what it was like to have money to set aside for the chance to purchase homes, start families and live without constantly worrying about debt. After having this taste of freedom, Americans are ready to organize to protect what the Biden administration promised them. Among the groups leading the charge — and continuing to push the Biden administration to exercise all options for bringing about the promised debt relief — is the Debt Collective.

Debt Strike Needed As Debt Collectors Keep Coming After Millions Of People

Over the past couple decades, Capital One, Lugo’s pursuer, helped lead the way in transforming the nation’s local courts into collection machines. As recently as the 1990s, these courts conformed to the picture most people have in their heads, primarily working as a venue where a judge resolved disputes between two sides represented by a lawyer. Now the most common type of case is debt collection, a recent Pew Charitable Trusts report found. Lining up against debtors who are almost never represented by an attorney, debt collection companies win millions of court judgments each year, which then allow them to seize debtors’ wages for years into the future. An old unpaid bill will fall off a credit report after seven years, but a court judgment can haunt someone forever.
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