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> they would probably start charging a lower interest rate. I would love to see some data, because it all looks to go one way. The rates never fall, only rise.
by reallydude 8y ago
> they would probably start charging a lower interest rate.
I would love to see some data, because it all looks to go one way. The rates never fall, only rise.
- googlryas 8y agoI agree - you would need to look at the default rates for interest rates on their loan to mean anything. I see a bunch of independent payday lenders with similar rates. Are they a cartel and fixing their rates? Or are they in competition and all offer reasonable low rates considering the default rate of their clientele?