Online installment loans have taken the subprime market by storm

Re:Online installment loans have taken the subprime market b... by rootusrootus on Tuesday October 29, 2019 @11:38AM (#21388367)

I think that would be a terrible idea. The gov't would want to make the debt non-dischargeable like they do with student loans. It would be devastating.

Maybe we could try to actually tackle things like medical costs so people aren't getting so deeply into debt to begin with.

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Re:Online installment loans have taken the subprime market b... by heavyset_go on Tuesday October 29, 2019 @11:43AM (#21388413)

> The gov't would want to make the debt non-dischargeable like they do with student loans

That's a strange assertion, considering there are dischargeable government loans, and private student loans cannot be discharged.

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Re:Online installment loans have taken the subprime market b... by notus on Tuesday October 29, 2019 @11:40AM (#21388398)

> I think that would be a terrible idea. The gov't would want to make the debt non-dischargeable like they do with student loans. It would be devastating.

I fail to see how this is worse than current predatory loan scenarios.

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Re:Online installment loans have taken the subprime market b... by kaikai on Tuesday October 29, 2019 @11:47AM (#21388475)

Because current predatory loans can be discharged through bankruptcy.

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Re:Online installment loans have taken the subprime market b... by papln on Tuesday October 29, 2019 @11:56AM (#21388599)

You must be too young to remember when loans were dischargeable before the banks got the laws changed.

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