More small business owners are falling prey to online "predatory" lenders offering them quick cash. Some business owners are in such extreme financial strife that they have been forced to sell their family home.
No, the problem is people not reading the contracts they sign.
You’re asking for idealism, assuming that we can prevent scumbags - that’s not possible, and simply leads people to naively signing anything, and ending up like this story.
Trust, but verify.
Do you think contract lawyers exist solely to create docs? Or maybe to take the time to ensure contracts their clients sign achieve the intent of their clients?
Yes, scummy lender does scummy things, but it was right there in the contract - no one held a gun to her head to sign it. She voluntarily signed it without understanding it.
Hahahaha
No, the problem is people not reading the contracts they sign.
You’re asking for idealism, assuming that we can prevent scumbags - that’s not possible, and simply leads people to naively signing anything, and ending up like this story.
Trust, but verify.
Do you think contract lawyers exist solely to create docs? Or maybe to take the time to ensure contracts their clients sign achieve the intent of their clients?
Yes, scummy lender does scummy things, but it was right there in the contract - no one held a gun to her head to sign it. She voluntarily signed it without understanding it.
But maybe she thought she understood it