<span;><span;>You have to look at it as a business, your doing business with a loan company. You want some amount of money from the loan company which you are borrowing some amount of money $$$0 the loan company charge you for the service to earn a profit which is called interest. You buying back the loan and the interest. And that is the business deal you and the loan company are in. You have to pay interest for the service of the loan it’s good business you get the amount of money you want and pay for the service. Its good business. Everyone in the world have to earn a profit for their services.
I know, I do see it from a business perspective. It’s still greedy though charging so much money on top of the money that is owed. I could never see myself doing that if I was a loaner. I’d only charge what is owed to me and late fees if they’re late and don’t communicate they would be, that’s it, which is fair in my opinion; and if they refuse to pay then it’ll reflect on their credit and so on. Business can flourish with integrity in the forefront not everything has to be about poking people in the eyes.