Truthout
Debt
![President- elect Joe Biden exits the Queen in Wilmington, Delaware, on December 9, 2020.](https://truthout.org/app/uploads/2020/12/2020_1211-joe-biden-400x300.jpg)
Organized Debtors Are Preparing to Strike If Biden Doesn’t Cancel Student Debt
President-elect Biden will be able to cancel nearly all student debt without congressional approval, if he chooses to.
![After a pause for the pandemic, debt buyers are back in the courts, suing debtors by the thousands.](https://truthout.org/app/uploads/2020/10/GettyImages-957837328-400x300.jpg)
Debt Collectors Are Thriving This Year — and Now They’re Filing Even More Suits
After a pause for the pandemic, debt buyers are back in the courts, suing debtors by the thousands.
![A protester holds a flag with the words "Black Housing" in New York City's Times Square during a Black Lives Matter rally supporting policing, housing and education reforms on June 7, 2020.](https://truthout.org/app/uploads/2020/07/GettyImages-1248090722-400x300.jpg)
Housing Activists Unite to Fight Mass Evictions and Defund Police
Calling for rent cancellation, housing activists are preparing to face off with cops evicting Black and Brown renters.
![A person wearing a protective mask looks at a grocery receipt while shopping in a grocery store in the Bushwick neighborhood of Brooklyn on April 2, 2020, in New York City.](https://truthout.org/app/uploads/2020/04/2020_0404-coronavirus-debt-400x300.jpg)
$1,200 Only Goes So Far. It’s Time to Abolish Debt.
The stimulus checks are not enough to save lives or the economy; the future demands forgiveness of past debts.
![A line of people wraps around the Banco Popular in San Juan on September 25, 2017, nearly one week after Hurricane Maria devastated the island of Puerto Rico.](https://truthout.org/app/uploads/2020/01/2020_0123-banco-popular-400x300.jpg)
Following Earthquake, Puerto Rico’s Largest Bank Hinders a Just Recovery
Hundreds of vacant residences that were repossessed by the banks could be used to house 6,400 displaced people.
![A man looks at his computer screen while holding a credit card](https://truthout.org/app/uploads/2019/12/2019_1216-credit-card-400x300.jpg)
Payday Lenders Have Embraced Installment Loans to Evade Regulation
Installment lending accounts for an increasingly large portion of the alternative credit industry.
![Handcuffs rest on a pile of $100 bills](https://truthout.org/app/uploads/2019/12/2019_1204-money-handcuffs-400x300.jpg)
High-Interest Lenders Can Loan You Money Then Get a Warrant for Your Arrest
It’s unclear how many people across the U.S. are arrested every year for missing hearings over payday loans.
![A woman covered in oil stands in front of a green Extinction Rebellion banner](https://truthout.org/app/uploads/2019/10/2019_1028-oil-protest-400x300.jpg)
Oil Drilling in Greece? This Is What the High Cost of Debt Payments Looks Like.
The Greek government appears all too eager to welcome the oil drilling future.
![Sen. Elizabeth Warren smiles as she takes the stage during a campaign rally](https://truthout.org/app/uploads/2019/10/2019_1028-elizabeth-warren-400x300.jpg)
Elizabeth Warren Thwarts Reporters’ Attempts to Smear Medicare for All
Sen. Elizabeth Warren is right in focusing on what really matters to people -- lower health care costs.
![Democratic presidential candidate Sen. Bernie Sanders addresses an audience on the campus of the University of Chapel Hill during a campaign rally on September 19, 2019, in Chapel Hill, North Carolina.](https://truthout.org/app/uploads/2019/09/2019_0922-Bernie-Sanders-400x300.jpg)
Sanders Unveils Plan to Wipe Out All Medical Debt in US
U.S. households currently carry $81 billion in medical debt.