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No poor person would get a $100k loan.
by EVa5I7bHFq9mnYK 4y ago
No poor person would get a $100k loan.
- Broken_Hippo 4y agoIn general, I agree with you and I almost typed the same. Getting a car loan is absolutely difficult, hence the existence of buy here pay here sorts of places. Predatory loans are basically the only thing available in an emergency. But I figure some fringe cases would absolutely make someone be both poor and that much in debt, generally stemming from things like a family losing an income after buying a home and to a lesser extent, things like student loans and medical debt - though I*m not sure either go as high.
- deleted 4y ago[deleted]
- sgath92 4y ago$100k of debt for a poor person is not unrealistic, between student loans and/or medical debt.