I’ve read a more nuanced take of payday loans that makes sense to me. The counterfactual is no loans/credit/banking, not the more legitimate banking and credit

I’ve read a more nuanced take of payday loans that makes sense to me. The counterfactual is no loans/credit/banking, not the more legitimate banking and credit services that upper middle class Americans enjoy. “Would you rather have these services or no services” is how I heard it once.