I don't think that would be enforceable. Besides, no sane investor would go for it.
Please show me where an unemployed person with uncertain future prospects and neither a work history nor any assets can get an unsecured personal loan for 4-9%? I'll even give you a pass on the requirements of the loan…
Planet Money did a podcast on this recently: https://www.npr.org/templates/transcript/transcript.php?stor...
>Purdue, for example, caps total payments at 2.5 times what a student borrowed, so the most successful don’t feel gouged. That would be a 15 year loan at 15% APR. That IS gouging. 15% APR isn't gouging. That's a typical…
Can you say adverse selection?
I don't think that would be enforceable. Besides, no sane investor would go for it.
Please show me where an unemployed person with uncertain future prospects and neither a work history nor any assets can get an unsecured personal loan for 4-9%? I'll even give you a pass on the requirements of the loan…
Planet Money did a podcast on this recently: https://www.npr.org/templates/transcript/transcript.php?stor...
>Purdue, for example, caps total payments at 2.5 times what a student borrowed, so the most successful don’t feel gouged. That would be a 15 year loan at 15% APR. That IS gouging. 15% APR isn't gouging. That's a typical…
Can you say adverse selection?