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by manfredo 2323 days ago
There's no "ISA debt". There's no interest racking up. You may not even pay anything if you don't get a well paying job.

Sure, an ISA from a bad program is not good. But at least you're not paying unless you get a well compensated job.
1 comments
untog 2323 days ago
> There's no "ISA debt"

?!?! Of course there is! What are you repaying when you get a high paying job?

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manfredo 2323 days ago
You're paying a percentage of your income, if you're making above a threshold. This is in comparison to debt which has interest that makes the debt increase over time until paid off - regardless of whether you are employed in a well paying job or even whether you're employed at all.

Yes, under both system money is being paid back to someone. But crucially, there's no interest with an ISA. And furthermore, no money is taken until people get a job that pays a certain amount.

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