Tag: debt

Anne Arundel County to Pay Off $25K in Outstanding Student Meal Debt

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A school lunch. Image via Annapolis High School/Anne Arundel County Public Schools.

In a first, Anne Arundel County’s government is giving families some holiday debt relief for unpaid school breakfasts and lunches.

Pugh Suspends Practice of Auctioning Off Baltimore Homes with Unpaid Water Bills

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Photo by Ángelo González

Unlike in past years, the city won’t be auctioning off homes this year if their owners owe more than $750 in unpaid water bills.

Frosh Probing Kushner Companies’ Management, Debt Collection Tactics for Baltimore-Area Apartments

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Jared Kushner in April. Photo via Wikimedia Commons.

The Maryland Attorney General’s Office is digging into allegations that an affiliate of the Kushner Companies, owned by the family of Donald Trump’s son-in-law, has been neglecting some of its Baltimore-area apartments and using unscrupulous and aggressive legal tactics to collect debts from poor tenants.

Baltimore Clayworks is Moving Ahead with the Sale of its Buildings

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Protesters carried signs on Saturday objecting to the sale of the Baltimore Clayworks’ buildings in Mt. Washington.

The board of Baltimore Clayworks is moving ahead with the sale of its buildings in Mount Washington, even as some longtime members are seeking to halt the transaction.

Baltimore Clayworks Plans to Sell One or Both of its Buildings in Mount Washington

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Photo via Mount Washington Village Association

Strapped for cash and facing a sizable amount of debt, Baltimore’s only community nonprofit devoted to the ceramic arts is looking to sell one or both of its historic properties and potentially leave its Mount Washington campus behind.

Now Here’s an Idea: Occupy Wall Street Offshoot Wants to Buy Up Consumer Debt

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Occupy Wall Street activists have hit upon a novel way to provide people with debt relief: buy it up and cancel it. The initiative, a project of the non-profit Strike Debt called Rolling Jubilee, buys distressed debt from banks for pennies on the dollar, and then, instead of trying to collect on it, abolishes it.

If You Could, Would You Bankrupt Your Private Student Loan Debt?

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I’ve got over $50,000 in student loan debt — all for a Bachelor’s degree in “Liberal Studies.” Then, after all the Liberal Studies factories shut down once the recession hit, I found it hard to get a good job. Once I ran out of forbearances I would fantasize about bankrupting the debt. Of course, with private student loans that’s impossible — or nearly so. (A Baltimore judge recently ruled to discharge $340,000 in student loan debt for a borrower who “suffered from a disorder that prevented her from working” — and made history doing so.)

Baltimore, Your Credit Rating Has Been Calculated…and It Doesn’t Make Any Sense

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I’ve never looked up my credit score. Frankly, I don’t want to know. And so long as I’m allowed to keep utilities in my name, I guess I don’t need to know.

Whether we wanted to know or not, the credit score for the entire Baltimore area was released by CreditKarma.com. On average, our credit score is 654 by the most recent calculation, which is an eight-point drop from August.

On the other hand, we have mostly reduced our debt. Our credit card debt, student loan debt, and mortgage debt were all lower in October than they were in May.

(By the way, I was blown away by these numbers. Average mortgage debt is $167,964?! Average student loan debt is $34,961?! I know it’s an improvement, but come on. Average auto loan debt is $14,891. What are we doing?!)

Well, you’re on the right track, Baltimore. Credit score be damned!

One Way to Get Rid of Student Loan Debt: Get a Sugar Daddy?

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Like we said the other day, today’s students are staying in school longer, and racking up more debt than ever before. What do you do with tens of thousands of dollars in debt? Well, you could pick up a part-time job, sell trinkets from your parents’ attic on eBay or… go into sex work.

Everyone loves a good titillating story, which is perhaps why the whole sugar baby/sugar daddy phenomenon — in which an older, richer man pays for the company (and, presumably, sexual favors) of a younger, poorer woman (or sometimes man) — is getting a ton of press these days. People love a good sleazy sex story, it seems — plus, it’s even more compelling when the young people offering themselves up on creepily-named websites (SeekingArrangements; SuggarBabie.com) are trying to fund their graduate degrees at the London School of Economics, for example.

Yes, the sugar baby is having a moment. Maybe you saw the recent episode of MTV’s  True Life, “I’m A Sugar Baby”; or maybe all your friends linked to the excessively detailed HuffPo story from last week. Both explore relationships that straddle the fuzzy line between being “an arrangement” and straight-up prostitution. Is it titillating? Depressing? Liberating? Hard to say; the HuffPo article, in particular, can’t seem to settle on a tone, glorying in all the creepiest details (“She says she’s now engaged in three separate sugar daddy relationships, in addition to working part time as a topless masseuse on the Lower East Side. On her profile on Seeking Arrangement, she describes herself as a M.B.A. student from Bahrain”) but snapping back to a vague moral outrage every now and then.

Is this 2011’s version of the high priced call girl?

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