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Give this loan business back to the banks where it belongs.
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>>>What if the banks don’t want them. I sure wouldn’t want them if I was a financial institution.
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It is where they used to be. If there is a penny to be made the banks will be there.
If they go back to the banks then there has to be some sort of bankruptcy process. The interest rates on those loans would be higher than the rates on used cars outside military bases.
There really isn’t a solution that doesn’t put half the colleges in this country out of business. Not saying that is a bad thing….