At best, consumers will resort to defaulting on other loans or working a second job, options they always had but decided against. At worst, they will be pushed underground into the hands of illegal and unregulated lenders, even loan sharks.
Source
At best, consumers will resort to defaulting on other loans or working a second job, options they always had but decided against. At worst, they will be pushed underground into the hands of illegal and unregulated lenders, even loan sharks.