> I think the disagreement may be on the definition of “reasonable”.
Agreed. It very much does depend on the default rate.
FWIW when I now see 10%+ APRs on unsecured loans for presumably highly rated borrowers and much higher rates for riskier borrowers, I’m no longer shocked.
Agreed. It very much does depend on the default rate.
FWIW when I now see 10%+ APRs on unsecured loans for presumably highly rated borrowers and much higher rates for riskier borrowers, I’m no longer shocked.