Why did the loan-sharks prefer to sell foreclosed houses at auction rather than charge “normal” interest rates
Monday, February 8th, 2010 at
5:49 pm
Comments (7)
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The point is that it would still have been profitable to charge the usual interest rates which people could afford to pay.
It was only because hiked up extortionate interest rates were used that the people could no longer afford to pay
Did the loan-sharks want the people to pay them back in the usual way or not?
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