If people have the ability to borrow more than they're able to repay, it makes no difference whether the credit rate or the line of credit is 28% or 2%. If you can never pay back $20,000 on a line of credit or a credit card, it's an unfortunate situation. The payday loan companies, in my opinion, are brutalizing those who are most vulnerable.
Do you have any suggestions about the amount that someone should be able to borrow? Do you have any comment on the payday loan business?