this post was submitted on 07 Jan 2025
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[–] peopleproblems@lemmy.world 7 points 1 day ago (3 children)

Wait hold on

Wouldn't that mean that lenders have a vested interest in keeping borrowers alive especially if they have extreme net debt?

[–] veganpizza69@lemmy.world 6 points 1 day ago

Let me introduce you to:

spoilerslavery

[–] vithigar@lemmy.ca 16 points 1 day ago

They have a vested interest in their borrowers not dying. This manifests as not lending to people at increased risk rather than any kind of protective or preventive action.

[–] ladicius@lemmy.world 10 points 1 day ago

Keeping alive and quality of life are different things.