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Originally Posted by BRISK
Maybe they will get a better interest rate through this site than they can get from a bank?
How do banks get their money back when people don't pay?
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But who would risk their own money lending to people they don't know for a lower interest rate than banks charge? It would be a risky and poor investment
Banks have debt collectors who charge extortionate fees (ontop of the bank's fees), they either do this inhouse or outsource it to a hired debt collection agency (I figure these are the people turned down as child supprot payment collectors).
True, you'd have legal options but it seems way too risky