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The Debt Collective 🟥 Profile
The Debt Collective 🟥

@StrikeDebt

Followers
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Following
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Media
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Statuses
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The nation’s first debtors’ union, organizing to build power with debt as leverage. You are not a loan! Press: [email protected]

Joined June 2012
Don't wanna be here? Send us removal request.
@StrikeDebt
The Debt Collective 🟥
17 hours
If the United States wants to "run" a country maybe we try running the United States first. We put folks in prison based on race/class. It's easier to get a gun than health care. A college degree is a mortgage before your mortgage and the Supreme Court decides everything for you.
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@StrikeDebt
The Debt Collective 🟥
18 hours
The United States is the only country where medical debt exists. Pretty sure no nation wants us to "run" them.
@democracynow
Democracy Now!
18 hours
“Venezuela Is Not Going to Be a U.S. Colony”: Report from Caracas on U.S. Attack & Maduro Abduction https://t.co/3Xil3xYtuW
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@StrikeDebt
The Debt Collective 🟥
2 days
If Democrats need an idea for leverage in the next government shutdown fight, part of it could be this.
@AttorneyCrump
Ben Crump
2 days
Student loan forgiveness is becoming taxable again, meaning borrowers could owe the IRS thousands when debt is erased. Relief shouldn’t come with a surprise bill. People deserve transparency & fair policy.
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@StrikeDebt
The Debt Collective 🟥
2 days
Legislators need to make this illegal immediately.
@Phil_Lewis_
philip lewis
2 days
Wegmans in New York City has begun collecting biometric data on shoppers' eyes, voices and faces from anyone who enters its supermarkets https://t.co/qPkZ52sH3d
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@StrikeDebt
The Debt Collective 🟥
3 days
We can’t have free health care because we need to pay for the missiles
@BTnewsroom
BreakThrough News
3 days
BREAKING: The Trump administration has begun an illegal bombing campaign of Caracas, Venezuela, striking various parts of the city.
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@StrikeDebt
The Debt Collective 🟥
4 days
Rugged individualism is one of the broken ideologies that allows billionaires to become trillionaires while the rest of us go deeper into debt.
@FoxNews
Fox News
5 days
MAYOR MAMDANI: "We will replace the frigidity of rugged individualism with the warmth of collectivism."
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@StrikeDebt
The Debt Collective 🟥
7 days
We joined @democracynow this morning to talk about the Trump administration beginning student debt garnishment in January. Student debtors should know they don't always have to pay — they can request pauses on garnishment or get debts canceled if they're eligible for programs.
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@democracynow
Democracy Now!
7 days
The Education Department says it will start garnishing the wages of about 5 million people in the U.S. who are in default on their student loans. Julia Barnard with @StrikeDebt says the system is "cruel and hostile to working people."
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@StrikeDebt
The Debt Collective 🟥
8 days
It should be easier, not harder, to file for bankruptcy when student loans and other financial burdens weigh too heavy. But going bankrupt because you dared to attend school to become a nurse or a teacher is not a solution — full automatic cancellation and free college is.
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@StrikeDebt
The Debt Collective 🟥
8 days
A reminder that Joe Biden fought tooth and nail to ensure student debtors couldn’t discharge debt through bankruptcy. It’s so difficult to do that when a few dozen folks whose lives have fallen apart do get a judge to grant bankruptcy (which isn’t exciting), it’s framed as a win.
@Phil_Lewis_
philip lewis
8 days
“The vast majority of student debtors who seek discharges in bankruptcy are getting them, in large part because of a simpler legal process that was introduced three years ago.” https://t.co/MvqMtd5ead
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@TepidButterASMR
Charlie Potatoes Official
14 days
Biden had a memo on his desk explaining the legal authority to cancel all student debt for like 3 years and he then he half passed it in a way he knew would lose.
@NewsWire_US
NewsWire
14 days
Trump administration to begin seizing wages of defaulted student loan borrowers in January — CNBC
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@Braxtonbrew96
Braxton 🟥
13 days
this certainly isn't a solution to the student debt crisis, but FYI, if the government sends a notice of intent to offset your wages (this is mandatory, they have to send it to you), you can literally object. you have to fill out a form, but you can request they not garnish wages
@Phil_Lewis_
philip lewis
13 days
Trump administration to start seizing pay of defaulted student loan borrowers in January
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@inthesetimesmag
In These Times
13 days
In March, @astradisastra of @StrikeDebt spoke about future threats: "...the Trump administration is going to mean more debt...when you attack labor, when you take away public jobs, when you take away public goods...people are going to have to borrow." https://t.co/eIi68o78L8
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@secretagentjas
don't
14 days
All Biden had to do was codify Roe and forgive all student loans and he did neither
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@StrikeDebt
The Debt Collective 🟥
14 days
Thought the Department of Education was abolished?
@unusual_whales
unusual_whales
14 days
BREAKING: The Trump administration has said it would soon begin to garnish pay from federal student loan borrowers who are in default, per NYT
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@StrikeDebt
The Debt Collective 🟥
14 days
we stopped doing this after covid by the way
@LeadingReport
Leading Report
14 days
BREAKING: Trump admin to begin garnishing wages of defaulted student loan borrowers in January, per CNBC.
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@StrikeDebt
The Debt Collective 🟥
14 days
Pros: debtors can get out of default, reduce their balance, or have their defaulted loans canceled entirely. Cons: both options are rarely granted, as the Dept. of Ed is usually able to get repayment.
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@StrikeDebt
The Debt Collective 🟥
14 days
Compromise and write-off: in some cases, the Ed Dept will reduce a loan’s outstanding balance or permanently suspend collections, often for debtors who are incarcerated.
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@StrikeDebt
The Debt Collective 🟥
14 days
3. Lesser known options: Recall: debtors in forbearance/deferment who went in default due to a loan servicer error can challenge the default + have it undone.
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@StrikeDebt
The Debt Collective 🟥
14 days
Pros: debtors in need can have their loan cancelled or pause forced collections. Cons: cancellation is not available for all loan types or for borrowers pursuing public service or teacher loan forgiveness; hardship exemptions are temporary and do not resolve the default.
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