this post was submitted on 26 Dec 2023
602 points (95.6% liked)
Memes
45753 readers
2014 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Indeed. But they want to make money, so they rise the interest rate to make even more money and cut losses on failed debt repayments.
They solely exist to make money by extorting the people in debt. Who would have guessed?
So? Never have debts.
"Consumer" debts should ethically not exist as consumers just consume the money and are therefore not able to pay it back as it is not an "investment" debt, which has the chance to succeed.