[marcus0x62]

> This is absurd. When your debtors go bankrupt, you lose money. Nobody wants to lend money to people who cannot afford it.

That depends, amongst other things, on how much interest you charge in the interim. Payday lenders makes lots of money off of people who a) cannot afford their loans by any reasonable metric and b) default on those loans.

[xyzzyz]

No. Whether you charge large or small interest, you never want your debtor to go bankrupt, because it means cessation of the interest payments.

[marcus0x62]

If you think payday lenders care one iota about debtors going bankrupt after collecting multiples of the original loan amount in interest, I cannot help you.

[xyzzyz]

Of course they care, they’d rather the debtor never go bankrupt, so that they can keep collecting. Do you understand how loans work?

[marcus0x62]

I get that you have an ideological position to defend and, based on your other comments in this thread have either an inability or an unwillingness to cede any ground. So while, yes, I do understand how loans work, I do not have any further interest in talking to you about payday lenders. Have a nice day.