this post was submitted on 07 Jan 2025
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Wait hold on
Wouldn't that mean that lenders have a vested interest in keeping borrowers alive especially if they have extreme net debt?
Let me introduce you to:
spoiler
slaveryThey 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.
Keeping alive and quality of life are different things.