Re:Americans Hold Over $4.1T in Consumer Debt
by grandalf on Sunday February 26, 2017 @11:48AM
(#13738144)
> Defaulting isn't a big deal even to the banks.
True, but the ceiling on the amount that can be loaned to a person is limited by the market-driven interest rate for packages of dischargeable debt.
> not dischargable, but with better terms or interest rates
Yes, I think we'd see aggressive refinancing offers and all sorts of other semi-dark patterns... which would be irrelevant to the 98% who don't declare bankruptcy, but likely quite life-changing to those who do.
True, but the ceiling on the amount that can be loaned to a person is limited by the market-driven interest rate for packages of dischargeable debt.
> not dischargable, but with better terms or interest rates
Yes, I think we'd see aggressive refinancing offers and all sorts of other semi-dark patterns... which would be irrelevant to the 98% who don't declare bankruptcy, but likely quite life-changing to those who do.