What will be the consequences of this?
What will be the consequences of this?
Blake James
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Easton Lee
My guess is that the least credit worthy people will no longer be able to access credit. Ironically hurting the people liberals are trying to help the most.
Michael Stewart
Europoor here. The fuck is that. 15% per what? Year?
Aren't credit cards like 1+% a month?
Jacob Rogers
This
Jack Baker
oy vey this is another shoah
Josiah Clark
Can somebody explain this for a retardo
Robert Torres
> management boot licker
Julian Ross
Brilliant
Jordan Green
>Hurting people by not allowing them to get into debt if they can't pay it off
Yeah, uh huh, ok
Gavin Foster
The riskier an investment, the higher the yield must be. So people with shit fucking credit get unfavorable interest rates for creditors due to their potential risk. Some lenders may not think it’s even worth the 15% interest if there it a 50% chance that the piece of shit debtor is able to pay it back.