> I think the disagreement may be on the definition of “reasonable”. Agreed. It very much does depend on the default rate. FWIW when I now see 10%+ APRs on un

> I think the disagreement may be on the definition of “reasonable”. Agreed. It very much does depend on the default rate. FWIW when I now see 10%+ APRs on unsecured loans for presumably highly rated borrowers and much higher rates for riskier borrowers, I’m no longer shocked.