ELI5: Why you shouldn't borrow from loan sharks Submitted by Cold_Chemical5151 t3_zycfxg on December 29, 2022 at 6:29 PM in explainlikeimfive 14 comments 0
Original-Increase632 t1_j27rnko wrote on December 30, 2022 at 6:35 AM I did a few months work in a lending environment. I was astounded at some of the people that got loans after being bankrupt after 1 day. They got loans for 100k AUD cars etc At 45% interest Was the worst I saw. They didn't care, they got credit and a new car. Permalink 1
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