[asow92]

The net effect is 0 if you're being paid back and paying back on time. How is this any different from putting it on a CC and paying it back on time? What's the big deal here that warrants this level of discussion? Why not let others do them and you do you? Maybe the real bad decision we're all participating in here—myself included—is feeling the need to split hairs over a hypothetical situation about personal opinions on personal finance?

[NoMoreNicksLeft]

> Why not let others do them and you do you?

Debt affects everyone, not just the borrower and the lender. When lenders make one bad loan, society can bear that burden and especially so if many of the loans are good loans that serve mutual interest. When most of the loans are bad, taxpayers pay to enforce loan terms (not the lender), then they pay again when the economy melts down (the lender just reincorporates under some other business name). So it is a big deal when someone is proposing an entirely new class of lending, and it does warrant this level of discussion. If anything, it warrants a much more intense level of discussion than what we've seen so far or what we are likely to see.

Your inability to grasp this is disturbing and should come across as some sort of profound warning to everyone.

[asow92]

You've stepped way out of the discussion we were having and are now engaging in sanctimonious grandstanding.

> Your inability to grasp this is disturbing and should come across as some sort of profound warning to everyone.

Way out of line, dude. Now you're insulting my ability to understand things? You think I don't know about all that? Obviously there are plenty of people who don't deserve credit, but there are also plenty who do. I take pride in having an exceptional credit score.

I'd get those wings. And I'd have a 'profound' time sharing them with friends and family making memories.