this post was submitted on 08 Oct 2025
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Debt itself has a history of forgiveness. Western Societies could benefit from being more forgiving imo. 30% apr loans should absolutely be illegal, but thats a lot of credit debt today.
Are you talking of a specific instance? Because, we do have anti-usery laws.
We also have anti trust laws, but yet we have tech monopoliies and an FCC thats done nothing for a decade
My first car loan had a 26% interest rate. Over that 36 month loan I would have literally paid over twice the total value of the loan if I didn't refinance it after 6 months.
I learned a lot through the mistakes I made that day and have endeavored to not repeat any of those mistakes (and so far I haven't!)