Richard-Olivier Marius for Congress NY 11
Vote Bills to Help Pay Bills

Personal Debt Crisis

Our Solution

According to the Office of the New York State Comptroller, NY is ranked as the 8th highest state in credit card delinquency rates, and within the City, Brooklyn is ranked as the 2nd highest borough in delinquency rates. Students, in particular, struggle to pay off their loans. According to the Rockefeller Center, 58% of SUNY students graduate with a debt of $30,346, while 21% graduate with a debt of $11,700. More generally, people find themselves in debt because they rely on credit to access expensive healthcare, transportation, and to purchase a home.

Student Loans

Our families are struggling to pay back student loan debt. This tarnishes the dreams of many who seek undesirable work and odd jobs just to find ways to pay off debts. This creates a generation of people failing to achieve their career goals, often times resulting in depression, haplessness, and suicide. 

Credit Cards

Families struggle to pay back their credit card debts, principally due to insufficient wages, unemployment, and high interest rates. Consequently, they suffer delinquency, making it difficult to secure a mortgage, a car loan, and to access other crucial financial and social services.


Owning a home is the ideal strategy for securing a comfortable and stable life, with a safe space for families and children to flourish. Unfortunately, so many families are struggling to meet their mortgage due to high interest rates and high property taxes. The high costs of living exacerbates chances of default. This leads to foreclosure, eviction, and displacement.

Medical Bills

With increasing healthcare premiums, extremely high deductibles, and other expensive costs of coverage, people are struggling to pay their medical bills, often time charging their bills on their credit cards.

Auto Loans

A car is not a luxury. It is a form of social capital which allows families to access work and school, complete groceries efficiently, and to navigate remote parts of the community. In places like South Brooklyn and Staten Island, where public transportation remains inadequate, many are forced to buy cars to get ahead. Due to strained personal budgets and high costs of living, many families that need cars have no option but to purchase on credit, eventually struggling to pay off their debts.


Our Solution

We will need to pass or amend laws that eliminate or substantially limit credit card debt and student loan debt.


  • Loan Shark Prevention Act to cap credit card interest rates at 15% and to protect consumers against predatory terms.
  • Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009; amend to discourage lending to low-credit consumers, and to prohibit traditionally high interest rates on borrowers with low credit scores.
  • Office of the Comptroller of the Currency (OCC); charge the OCC with devising potential strategies to help cancel or lower credit card debts.
  • Senator Elizabeth Warren’s $1.25 Trillion plan to eliminate student debt for 42 million (75% of) Americans.



Your voice impacts the agenda


Contact Form

Required fields are marked with a


To help prevent spam, please enter the answer to this math question:

What is 9-1?