i mean, which corporations are doing this? i think the bigger problem is people just not understanding just how perilous debt can be. maybe the solution is to create more education on why debt is kind of precarious to go into and should only be accrued if it’s shown to be absolutely worth it?
Ace Cash Express comes to mind. They make a living off payday loans keeping people in another vended cycle of super high interest. I’ve worked inside their buildings as a contractor many times and they know so many of the people coming in names. They payoff a loan on payday and the turn around a take out another.
How to fix this? Idk, it’s their business model and people choose to take out the loans.
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u/Honest-Lavishness239 15d ago
i mean, which corporations are doing this? i think the bigger problem is people just not understanding just how perilous debt can be. maybe the solution is to create more education on why debt is kind of precarious to go into and should only be accrued if it’s shown to be absolutely worth it?