• @[email protected]
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    1 month ago

    Predatory loans is a great example

    Yes it is.

    they’re not taken out because people have bad decision making ability but because they’re left with no other choices.

    Bruh have you forgotten about the global recession of 2006? There were people that had 4 and 5 houses.

    You’ve never heard of the auto loan scams?

    Never heard of the mobile home scams?

    None of those situations are improved by people taking out loans they know they can’t afford.

    Quoting the dictionary isn’t how you learn about things!

    So…how am I supposed to learn, exactly? You’re going to tell me? Wikipedia says something similar. If there’s another definition, that’s not the one I was referring to. But you knew that, didn’t you?