The industry would not have survived, for sure. But there still exists a credit system for those borrowers. It's called paying late. It might be mean to landl

The industry would not have survived, for sure. But there still exists a credit system for those borrowers. It's called paying late. It might be mean to landlords to make them, essentially, the lenders of last resort. But just because you accounted for something more accurately, by forcing people to take payday loans to not get evicted, doesn't mean you have achieved a normatively positive thing.