Very well.
We completely agree with the idea of restricting general financing options, as you explained, to enable everyone to start off on an equal footing.
However, we must realize that in some places in the country, people do not necessarily have access to many people who can guarantee a $1,200 loan. In this case, could we give some thought to the individual guaranteeing his or her own loan? Indeed, at times it is very difficult to find dozens or hundreds of people prepared to guarantee $1,200.
Would it be possible for someone to personally guarantee his or her own loan?