4 ms·

Maybe not - If a substantial number of potential borrowers are able to opt out, then lenders might start to find it worthwhile to find a way to accommodate them

• kube-system 7y ago
  You can already opt out of that system, but you have to pay for that privilege. There is already a good number of lending options available to the many (millions?) of people disenfranchised from the traditional banking system. Usually that means offering strong collateral. But the terms of those options aren’t too great because trustworthiness and risk have a strong negative correlation. And those who can prove their trustworthiness almost always prefer to do that rather than pay extra.