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My mom is in debt deep and takes out loans all the time to either pay the mortgage or pay off another debt. Why do loan companies allow this, except for the fact that they don care?

April 26, 2017companies debt Deep loan Loans mom mortgage pay takes time

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My mom is in debt deep and takes out loans all the time to either pay the mortgage or pay off another debt. Why do loan companies allow this, except for the fact that they don care?

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But take a look at the interest rate.It’s steep enough so that if some do default, they still make money.