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> I don't think it's unfair to characterize that lending behavior as "predatory". Any loan that carries interest in its terms is, by definition, predatory.
by apta 7y ago
> I don't think it's unfair to characterize that lending behavior as "predatory".
Any loan that carries interest in its terms is, by definition, predatory.
- JohnFen 7y agoI don't have an ethical problem with the concept of charging interest for loans, and I don't think they're automatically predatory. I think the problem comes when you are giving loans (and particularly high interest loans) to people who have little to no hope of being able to repay them.