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Certainly not bankruptcy or the use of public resources like courts to collect debts Predatory lending relies on an uninformed target.
by nimish 8y ago
Certainly not bankruptcy or the use of public resources like courts to collect debts
Predatory lending relies on an uninformed target.
- whatok 8y agoThat doesn't answer my question at all.
- nimish 8y agoIt does. The fair price of the loan is the price that doesn't cause social harm. The lender figures out how to translate that into APRs and possibly turn a profit, or perhaps there's no price that's profitable and socially good. That's perfectly fine.