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this post was submitted on 21 Sep 2023
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What kind of poor person is being extended credit? That would be lender suicide. Debt is a tool of the rich.
Poor people have tons of debt. Student loans, credit cards, car loans, rent-to-own furniture/appliances, pay day loans, medical debt in the US and recently installment purchases online. A lot of these are definitely extended to poor and lower middle class people.