Comment Re:Oh good (Score 1) 907
Kill?
The alternative MIGHT be to not lend money to people with bad credit scores. Would THAT be better?
In many cases, yes.
Having wages more inline with productivity would be much better. The types of loans being discussed here, came into being after we decoupled minimum wage from worker productivity per hour, and started the long decline of real median incomes relative to productivity per capita, but fixing demand side issue like that is so out of vogue.