In 1978, a student with a full time summer minimum wage job could, on average, earn enough to cover…
In 2009, a Latvian company offered short…
In 2009, a Latvian company offered short-term loans of up to $500, with the clients signing their immortal soul as collateral. The company said they wouldn’t employ debt collectors to get its money back: “If they don’t give it back, what can you do? They won’t have a soul, that’s all”
The post In 2009, a Latvian company offered short… appeared first on Crazy Facts.
A Loan Sharks Stepped in When the Worst Roommate of All Time Stole From Everyone to Gamble
People have been dealing with bad roommates for as long as we’ve been living with others in our home.
Having a roommate can alleviate a lot of financial stress when it comes to paying rent and the bills on time, but if you have a roommate who steals, the opposite is true.
One guy recently shared the story of how his terrible roommate “Kevin” stole, gambled, and ended up dealing with loan sharks in the end.
It all started because Kevin needed somewhere to stay and the guy’s friend needed help with rent.
Photo Credit: Reddit
At first, Kevin seemed fine, right?
Alas… it was too good to be true. It turns out Kevin had a bit of an online gambling problem.
Unfortunately, it seems that Kevin wasn’t exactly good at gambling.
Photo Credit: Reddit
If only Kevin had actually been telling the truth! Instead, he decided to totally double-cross the friend who let him move in at the beginning.
Photo Credit: Reddit
That’s truly messed up! It’s one thing to wreck your own life, but to take innocent people down with you is cold.
The guy was able to get it sorted out, but then… some pretty intimidating people started showing up to collect on Kevin’s debits.
Photo Credit: Reddit
Luckily, the friend knew exactly what to do with that address.
Photo Credit: Reddit
I think it’s safe to say that Kevin got what was coming to him.
Here’s what Reddit had to say…
Photo Credit: Reddit
I mean, did people think Kevin had what was coming to him? Yeah they did.
Photo Credit: Reddit
And some surprising love for… loan sharks!
Photo Credit: Reddit
What was your favorite part of this story? It has to be that ending, right? Let us know what you think in the comments!
The post A Loan Sharks Stepped in When the Worst Roommate of All Time Stole From Everyone to Gamble appeared first on UberFacts.
An Italian banker, Gilberto Baschiera…
An Italian banker, Gilberto Baschiera is considered a modern-day Robin Hood. Over the course of 7 years, he secretly diverted 1 million euros to poorer clients from the wealthy ones so they could qualify for loans. He made no profit and avoided jail in 2018 due to a plea bargain.
The post An Italian banker, Gilberto Baschiera… appeared first on Crazy Facts.
A 2001 investigation found that….
A 2001 investigation found that in several cases, payday lenders in California were charging considerably higher rates than loan sharks from the Chicago Outfit organized crime syndicate.
The post A 2001 investigation found that…. appeared first on Crazy Facts.
Gilberto Baschiera, an Italian banker…
Gilberto Baschiera, an Italian banker, is considered a modern-day Robin Hood. Over the course of 7 years, he secretly diverted 1 million euros to poorer clients from the wealthy ones so they could qualify for loans.
Gilberto Baschiera, an Italian banker…
Gilberto Baschiera, an Italian banker, is considered a modern-day Robin Hood. Over the course of 7 years, he secretly diverted 1 million euros to poorer clients from the wealthy ones so they could qualify for loans.
These Stories Illustrate How Powerfully the Student Debt System Negatively Affects People’s Lives
America’s student debt crisis is a hot-button issue not just for graduates and universities, but for politicians as well. Some are arguing for debt forgiveness and eventually free education, while others believe the system is working just fine the way it has been for years.
All of these posts will make you feel for these folks and it might even remind you of your own financial situation.
Take a look.
1. Sad, but true
Wall Street: HELP HELP WE'RE GOING TO DIE WE NEED MONEY
Government: Ok, here's 700 billionStudents with loans: HELP HELP WE'RE GOING TO DIE WE NEED MONEY
Government: *laughs in capitalism*— Decolonial Nun Strike Force (@zechareyah) June 13, 2019
2. Not the same
It seems that Boomers who boast about “starting with nothing” don’t understand that starting adulthood with nearly $40k in student loan debt isn’t the same as starting with nothing. #latestagecapitalism
— Disenfranchised Millennial
(@pnwLeftist) June 10, 2019
3. Yikes
I graduated from law school 6 years ago with $250,000 of student loan debt. But after years of hard work and tens of thousands of dollars of payments, I can officially say that I now owe $315,000.
Hooray!
— Matt Lane (@MattLaneWrites) September 18, 2018
4. In a nutshell
Since 1987 when adjusting for inflation, the % increase in:
Tuition costs at public universities : 183%
This is student debt crisis in a nutshell.
— Ro Khanna (@RoKhanna) June 2, 2019
5. Mystifying
At the age 18 they will let you commit to $200,000 in student loans but won’t give you a $20,000 Business loan…. Think about that!
— Nathan Allen Pirtle (@workwthecoach) June 6, 2019
6. The short end of the stick
Millennials:
– Fighting wars in the Middle East for 18+ years
– Came of age during the worst financial crisis since Great Depression
– Student debt up to our eyeballs
– Health insurance that doesn't cover shitAnd all we get for our troubles is everyone mad at us about avocados
— Ally Maynard (@missmayn) June 6, 2019
7. A trap
I graduated undergrad with $38,200 in loans.
To date I've paid $20,763.
My balance is: $37,615.
Dear Media: Tell me again how I can't afford a house because of an avocado toast trend instead of saying how #StudentLoans are a fucking trap that keeps ppl in debt.— Idalin Bobé –
(@IdalinBobe) April 22, 2018
8. Doesn’t seem right…
When I was 17 I went to get a Limp Bizkit tattoo and when they wouldn’t let me because I didn’t have a guardian’s approval, I cried and punched a lamp post. 3 months later I was allowed to take on $119,000 in loans to go to art school.
— Bill Dixon (@BillDixonish) July 8, 2018
9. Punished for success
I graduated with a masters of Architecture in 2011 with $65k in student debt. I have paid $48k, but still have $50k of debt left.
This country needs Architects, doctors, lawyers and engineers, but we are punished for success. Our education system is broke. #StudentDebtCrisis
— Architects for Pete (@architects4pete) April 25, 2019
10. Triggered
This train ad really triggered me
#studentloans pic.twitter.com/H8fu4pXSEz
— Tim Wong (@timmWongg) June 6, 2019
11. No way around the truth
“Young adults are being forced to rely on help from parents to survive due to overwhelming student loan debt and cripplingly low wages” there, fixed your headline https://t.co/ZWHeC3KbrE
— Wintour is coming (@RosatiBiscotti) April 25, 2019
12. That is unbelievable
Want to know just how big our #studentdebtcrisis is?
US college grads have $1.56 TRILLION in student debt. The GDP of Australia is $1.4 trillion.
It’s F’ing massive. Our young people deserve better from us — they deserve free college.
— Abdul El-Sayed (@AbdulElSayed) May 11, 2019
13. F it all
I’ve paid $33,685.71 towards my $50K in student loans. That bitch is still at $48,000. Fuck interest. Fuck FedLoan. Fuck this education system. Fuck everything.
— targaryen loyalist (@KingBeysQueen) July 5, 2018
14. Like a prison
If my #studentloans were cancelled I could:
-breathe
I don't regret going to college, but I don't think I made an informed decision. How could a poor, first gen college student do that at 18 years old?
$50,000 is a prison.
— Shaylamee (@Shaleemae) April 22, 2019
What do you think about this incredibly divisive topic?
The post These Stories Illustrate How Powerfully the Student Debt System Negatively Affects People’s Lives appeared first on UberFacts.