News for hackers. Stuff that matters.

A comment on Online installment loans have taken the subprime market by storm. Parent comment

Re:Online installment loans have taken the subprime market b... by kirykl on Tuesday October 29, 2019 @02:22PM (#21390435)
I agree, bankruptcy is an unfortunate solution for unexpected medical debt, as it impacts ones consumer credit score. FWIW the GP comment was referring to "banks who loan money to folks who cannot afford it" which implies baling out consumer debt instead of filing for bankruptcy
[ Parent | on HN ]
Re:Online installment loans have taken the subprime market b... by geggam on Tuesday October 29, 2019 @05:43PM (#21392401)
Exactly, bankruptcy punishes the creditor which is how the system is designed. They assume the risk instead of passing it on to society.
[ Parent | on HN ]