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But the question is, what happens if such loans are unavailable? Late charges on bills or missed opportunities (like can't get a new suit for a job interview).
by jiggy2011 13y ago
But the question is, what happens if such loans are unavailable? Late charges on bills or missed opportunities (like can't get a new suit for a job interview).
If you did short term high risk loans with standard loan rate APR like you would get from a bank it would be impossible to get any margin at all.
- ChuckMcM 13y agoThat is a really excellent question. I don't know. In one universe people feel the pain of the scarcity and make better choices, in another they fall off of 'barely subsisting' into abject poverty. Either outcome is possible. In a third, less likely :-), universe we put together a basic income program and keep people out of the mental trap.