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A comment on Regulators Shut Down Lending Platform (YC Alum) LendUp. Parent comment

Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by 300bps on Wednesday December 22, 2021 @09:14PM (#29657906)
Because if you allow bankruptcy to discharge them that would make the interest rate 3-4x what it is today and people couldn’t afford it.
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Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by rdtwo on Wednesday December 22, 2021 @09:59PM (#29658168)
This is a good thing not a bad one. Colleges would have to trim down prices significantly
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