Do you want to see a preview of the shitshow we all are going to face on Feb 1 if @JoeBiden @JamesKvaal and @FSACOO turn on student loan payments?

This crisis is avoidable. Let's avoid it.

🧵 as preview Image
On Aug 18, 2021 @Navient sent an email demanding a payment of $128.42 on a federal direct loan due Nov 1, 2021 even though the payment pause is still in effect.

This is the kind of totally false info Navient is sending millions of people. Image
This is all part of a game that @Navient plays. Half of the info they send you is false, the other half is accurate.

The fun is guessing which is which but be careful, your financial (and often physical) life depends on guessing correctly.
Today at 9:26 p.m. ET @Navient sent this message saying that on Nov 29, 2021 I reported a change in address.

The only trouble is, I didn't! Is that a problem? Seems like it. @Navient says to call IMMEDIATELY!

But they sent this email at 9:26 p.m. ET after Navient is closed. Image
Meanwhile there are dozens of emails like this being sent out every other day.

It's not just that every single message in and of themselves is confusing, it is also the sheer volume of messages. It is a lot of info to wade through, and remember half of it is false! Image
This is happening to 45 million people

Everyone at the Department of Education knows what is going to happen on Feb. 1. Everything that can go wrong will go wrong.

This is a crisis they are deciding to create themselves. It is avoidable. We don't have to do this.
Put down your weapons @JamesKvaal @FSACOO

You are liable to hurt someone
Let's live tweet trying to call @Navient about this Image
As expected @Navient told me this communication was an error. Everything they send has false info in it.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with The Debt Collective

The Debt Collective Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @StrikeDebt

8 Dec
Good morning. Biden's law degree cost about $1,500.
He likely does not have a grasp on the comparative cost of college today.
It gets worse
Read 8 tweets
30 Oct
If your debt gets cancelled it will be in large part to people like Eileen Connor @ei_conn whose contribution really should have been included in this story. She's already cancelled billions of dollars of debt for millions of people. newyorker.com/news/news-desk…
Eileen gives the clearest explanation anyone has yet given for the the legal authority to cancel student debt here
For the more technical version, here is the memo @ei_conn wrote with @tobmer and Deanne Loonin that became the basis for @ewarren's plan for mass student debt cancellation.
assets.ctfassets.net/4ubxbgy9463z/2…
Read 4 tweets
29 Oct
Look what we found!

The White House been sitting on the legal memo about their authority to cancel student debt since April 8. It is six pages long. No more excuses it is time to #CancelStudentDebt

newyorker.com/news/news-desk…
It's time for us to take direct action to force Biden's hand.
actionnetwork.org/forms/sign-up-…
Read 5 tweets
29 Oct
Exciting news today! We have purchased—and erased—$3M of private probation debt for over 20,500 debtors. This particular debt is gone, and with no strings attached. We've revived our Rolling Jubilee effort of abolishing debts that shouldn't exist!

Thread.
debtcollective.org
For less than $100,000, we bought over $3 million of debt — essentially 3 cents on the dollar — or 97% off. Our debts are sold on a market while we struggle to pay. So in an act of solidarity, we abolished this illegitimate debt for 20,000+ mostly Mississippians and Floridians. Image
We believe the entire prison industrial complex needs to be abolished—and debt for our own incarceration is wrong. This will take more than us buying debt. We'll have to organize. That's why TODAY we're launching an ABOLISH BAIL DEBT TOOL for Californians.
essence.com/news/nonprofit…
Read 4 tweets
16 Sep
Ten years ago, activists took to Zuccotti Park in Downtown Manhattan — Occupy Wall Street. A lot of the social consciousness and left-wing ideas we know today were birthed in this moment. Thread—
Today, despite conservative and neoliberal naysayers who dismissed Occupy as a failure, the Debt Collective is one of many tangible and impactful offshoots of the 2011 uprising...
an uprising that has consistently challenged the notion of “who owes what to whom,” won billions of dollars in student debt cancelation for tens of thousands of everyday people, and formed the nation’s first debtors’ union. This matters.

> debtcollective.org
Read 11 tweets
15 Sep
People simply cannot afford their student loans. With high cost of college attendance and skyrocketing interest rates, it's literally impossible to pay them back. Biden can cancel ALL federal student debt with the stroke of a pen, radically transforming our lives and economy.
A union of debtors can assert power and threaten collective action — what we call economic disobedience — by refusing to pay our debts. Can't Pay? Won't Pay.

Join our union
Debtcollective.org
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(