https://www.bloomberg.com/news/articles/2024-02-01/risky-borrowers-storm-loan-market-for-once-unthinkable-savings https://www.bloomberg.com/news/articles/2024-0

https://www.bloomberg.com/news/articles/2024-02-01/risky-borrowers-storm-loan-market-for-once-unthinkable-savings https://www.bloomberg.com/news/articles/2024-02-01/risky-bor... The fees on this kind of debt are incredibly high, and banks are kind of desperate right now for higher interest loans. I think banks kind of have a "fool me twice, shame on me" attitude when it comes to bad loans - if they are adjusting the fees accordingly for the risk they should (theoretically) be fine on average in the long run.