undefined | Better HN

0 pointsdanenania6y ago0 comments

Given that interest-bearing loans eventually convert to ISAs if they aren't paid (through wage garnishment), it seems hard to argue that they aren't strictly worse for the borrower.

0 comments

tathougies6y ago

ISAs are not wage garnishment though. My ISA would be tied solely to the amount you're making and a non-interest-bearing predetermined price. Wage garnishment is a form of interest sharing, sure, but the underlying liability is growing at an exponential rate, which is what would be wrong.

j / k navigate · click thread line to collapse

0 pointsdanenania6y ago0 comments

Given that interest-bearing loans eventually convert to ISAs if they aren't paid (through wage garnishment), it seems hard to argue that they aren't strictly worse for the borrower.

0 comments

tathougies6y ago

j / k navigate · click thread line to collapse