> Doesn't it seem backwards to require that the people least likely to be able to pay, pay higher interest rates? I mean, yes. But on the other hand if the abi

> Doesn't it seem backwards to require that the people least likely to be able to pay, pay higher interest rates? I mean, yes. But on the other hand if the ability to payback the loan (risk of default) isn't taken into account these loans might not exist at all (not necessarily a bad thing). Eventually the risk-adjusted rate hits usury limits and loans start disappearing. (Of course we still get things like payday loans, credit cards, student loans, etc., but these are legal loopholes that should be closed.)