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re: Republic Finance moving headquarters from Baton Rouge to Plano, Texas

Posted on 5/16/22 at 9:04 pm to
Posted by Papercutninja
Member since Feb 2010
1545 posts
Posted on 5/16/22 at 9:04 pm to
quote:

I actually interviewed there right after college and they asked me “how would you feel selling people 25%+ APR loans?” I just couldn’t do that in good faith.


You’re right, poor people don’t deserve loans. God forbid they actually have a choice that is commensurate with their level of risk. The free market cuts both ways.
This post was edited on 5/16/22 at 9:15 pm
Posted by Ancient Astronaut
Member since May 2015
33173 posts
Posted on 5/16/22 at 9:09 pm to
quote:

You’re right, poor people don’t deserve loans.


Is this a joke? Lol
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 5/16/22 at 9:36 pm to
quote:

The “free” market


At 25% APR is about far from free and close to illegal rates.

Loan sharks serve a market need not unlike drug dealers do.

Choice!
Posted by DesScorp
Alabama
Member since Sep 2017
6595 posts
Posted on 5/17/22 at 11:26 am to
quote:

God forbid they actually have a choice that is commensurate with their level of risk


There’s risk, and there’s loan sharing. 25% is the later, and should be outlawed, the same way we’d outlaw any Guido Thumbreaker on the street.
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