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The point people miss about these alternative lenders is that without them these people would have zero options of borrowing money. Money is a necessity of life. If you take away a necessity of life, from any human, you will find their reactions to it will carry more hardship for them and society, then what these lenders are doing. That is why the government allows it.
It is a competitive industry and it is a service that is as necessary as food.
It is a competitive industry and it is a service that is as necessary as food.