Two informed parties want to engage in a transaction that each believes will benefit them.
And our conservative defender of liberty want to make it illegal.
It's not beneficial to the borrower in the long run...they'd be better served by learning how to properly budget their money.
Yes, I believe in Liberty, but sometimes (YES) the Gov't has to protect idiots from themselves.
If you don't think the Gov't should ever be in the business of protecting people from themselves, then you should be all for taking out guard rails along wountain roads.