this post was submitted on 07 Jan 2025
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[–] [email protected] 7 points 2 months ago (3 children)

Wait hold on

Wouldn't that mean that lenders have a vested interest in keeping borrowers alive especially if they have extreme net debt?

[–] [email protected] 16 points 2 months ago

They 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.

[–] [email protected] 10 points 2 months ago

Keeping alive and quality of life are different things.

[–] [email protected] 6 points 2 months ago

Let me introduce you to:

spoilerslavery