But if the lender knows the chances of getting the capital back are close to zero??
Indeed.....they will forever have Argentina by the goolies though.
Coronavirus and the Argentine economy
There are 62 replies in this Thread which has previously been viewed 10,918 times. The latest Post () was by GlasgowJohn.
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Because the borrower is usually desperate and the lender will always be able to charge a punishing interest rate?
But if they never cover the principal amount, I guess they won't have enough to cover the interests as well.
Wouldn't be that money yielding more revenues if invested elsewhere?
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People who are poor and take loans from sharks will pay them first as they worry about their personal safety and the safety of their family
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