• Captain Aggravated@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      4
      arrow-down
      1
      ·
      6 months ago

      You know what would be really funny? Starting a payday loan business that isn’t as nightmarishly exploitative just to upset the industry.

      • xkforce@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        6 months ago

        The sad thing is that the rates would still be pretty high just to cover the risk. People dont get a payday loan because everything is going fine for them financially.

    • otp@sh.itjust.works
      link
      fedilink
      arrow-up
      5
      arrow-down
      2
      ·
      6 months ago

      I’ve heard the argument that if those were illegal, loan sharks would just take their place. And they tend to be worse.