This looks like debt peonage in spirit, if not letter
Conversation
Replying to
'[FTC], which examined 5,000 portfolios of debt purchased by the nation’s largest debt buyers, found that only 12 % included documentation"
1
2
2
Replying to
Sometimes it seems like people should have to pass a licensing test on compound interest and basic contract law or be restricted to layaway
2
2
3
Replying to
I suspect if we dropped licensing for driving privileges, and introduced it for accessing consumer credit, lives would be saved, net.
Replying to
To 1st order, writing contracts in Legalese instead of English is effectively a deceptive business practice w.r.t 90% of "literate" adults.
1
6
8
Replying to
If the service you offer legitimately requires Legalese rather than English to adequately manage risk, it's too complex for most to buy
2
7
1
Show replies
