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The procedure of mortgage flipping creates the fresh a lot of time-label duration we name your debt pitfall As opposed to solving the fresh new borrower’s dilemmas, one quick infusion of cash can trap the new unsuspecting borrower from inside the an actually ever-broadening spiral off personal debt. “Over the years brand new borrower discovers …

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Education loan Financial obligation and you may Aggregate Usage Growth 26. See David J. Deming, Claudia Goldin, and Lawrence F. Katz, “The For-Profit Postsecondary School Sector: Nimble Critters or Agile Predators?” Record regarding Financial Views 26, no. 1 (Winter 2012): 139–64, for a discussion of the rates of return by education sector. Return to text