> Rates are relative, looser money absolutely translates to lower rates, even for poor people. Claiming otherwise is (social) science denial. This hypothesis p

> Rates are relative, looser money absolutely translates to lower rates, even for poor people. Claiming otherwise is (social) science denial. This hypothesis presumes that loans are priced exclusively based on cost. However, all products and services are priced based on willingness to pay, and profit is the delta between cost of delivering it and what customers are willing to pay. Price gouging runs rampant on credit cards because they are designed to gouge their users. The credit card adoption and payment customer experiences are extremely smooth and free from any resistance to the point where you can pretty much find yourself with a new credit card in your pocket without knowing how. However, avoiding charges and interest payments is extremely hard by design, specially when compared with debit cards. Customers cannot escape these charges, and with low income customers they syphon a relatively large portion of the little disposable income they have.