@BattleDwarfGimli @Hertz @PraxisOfEvil @TrevorGoodchild @dubbub @sickburnbro > It is usurious rates - 8-30% interest - that I have issue with.

The rate is a combination of the market and the risk. If I can get 4% putting money in a savings account, I will ask more to lend it out - if the savings account paid 8%, I would adjust upwards my ask because of the alternatives to giving out a loan.

As to why the rates are X or Y, that is something not even economist agree on.

And for those loans that are riskier, say on a card which rapidly loses value versus a home that does not, or a unsecured loan or credit card with no collateral, the rate reflects the risk.

People should not be taking on debt unless they have a very good reason to. That people do anyways reflects either they are not wise people or they have been put into bad situations. The latter should be fixed, the former cannot.