If I give someone a $500 credit limit on a store credit card, I have to consider their ability to repay the loan by Federal Law. If I give them $80,000 as Parent Plus loan, I don’t.
3 Likes
If I give someone a $500 credit limit on a store credit card, I have to consider their ability to repay the loan by Federal Law. If I give them $80,000 as Parent Plus loan, I don’t.