Beware of Parent Plus Loans

NotYourBusiness
Mon, 15 Oct 2012 13:26:06 +0000

I agree with jnm123.

If you are in favor of limiting access to some loans (because they are indeed dangerous) then you are labeled ‘every man, woman & child for himself’.

If you are in favor of allowing loans and letting people decide what is better for them (because you believe in personal responsibility) then you are labeled ‘in favor of predatory practices’.

Personaly, I am in favor of personal responsibility. And I do not appreciate when people claim for credit, but then when they have trouble paying the money back they blame everything on predatory practices.