4 ms·
Usurious and predatory loans also work as intended. The person signing the document knows what they are getting into it, and presumably have done the cost/benef
by bdcravens 5y ago
Usurious and predatory loans also work as intended. The person signing the document knows what they are getting into it, and presumably have done the cost/benefit analysis.
- matheusmoreira 5y agoUsurious loans are bad because they effectively enslave borrowers through ever increasing debts that can never be paid off. Nothing of the sort is happening here, it's just people speculating on an asset. They paid 4k in fees because they expected their returns to be greater than that.