3 ms·
Probably because the people wanting to loan the money don't think the people wanting to borrow the money are going to be able to pay it back, so they're chargin
by rjbwork 7y ago
Probably because the people wanting to loan the money don't think the people wanting to borrow the money are going to be able to pay it back, so they're charging larger interest rates to compensate them for the risk. That's really all the interest rate is.