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I don't get why it's toxic. They are designed in that manner to make them money. Moreover, I also don't understand why people complain, you did not had money,
by kapitanjakc 3y ago
I don't get why it's toxic.
They are designed in that manner to make them money.
Moreover, I also don't understand why people complain, you did not had money, so you asked banks for some, they gave it to you and are charging the interest.
I also don't understand the argument of students loan, you did not had any money to study, they gave it to you, and they charge some interest.
Over the years you might pay twice the amount you borrowed, but that's how interest work.
- constantly 3y agoUsury for one. Laws have been on the books since the 7th century BCE because it’s such a repugnant act.
- kapitanjakc 3y agoAt what rates does it go from reasonable rates to usury ? Do you guys not get the option to take the fixed rate?
- cowl 3y agousury: the action or practice of lending money at unreasonably high rates of interest.