That’s what happens when you privatize public utilities (well that and the power cutting out during winter, or burning down half the state). Get ready, they are coming for public education and the post office next.
And when you allow creditors to buy and sell loans amongst themselves, with no recourse for the borrowers to choose who they do business with short of immediately paying off the entire balance. Like, even if you went out of your way to take out the loan from a company you liked, they can just immediately turn around and sell it to some borderline scammer who will try to screw you at every turn.
That’s what happens when you privatize public utilities (well that and the power cutting out during winter, or burning down half the state). Get ready, they are coming for public education and the post office next.
And when you allow creditors to buy and sell loans amongst themselves, with no recourse for the borrowers to choose who they do business with short of immediately paying off the entire balance. Like, even if you went out of your way to take out the loan from a company you liked, they can just immediately turn around and sell it to some borderline scammer who will try to screw you at every turn.