"Angel non-investing"

I was thinking about that. I do feel that no amount of good I can do can compensate for the suicides. People for some reason are very prone to killing themselves over financial problems even though it seems a bit silly to me. Its the sense of hopelessness I suppose? There was a thread on a regional board about a guy who wanted to kill himself because he owed 10 000usd. In the US people graduate college with an average of thrice that money owed and its called : "beginning your life"

The loans are usually not big enough to declare bankruptcy over, people often have other assets they don't want to loose, sometimes they find a family member to bail them out. The key is that these loans start as very small. Often people take more and more loans to pay for the loans and stay in denial.

if they're stupid enough to take an aggressive loan, not pay it back, and then kill themselves , perhaps they deserve it. you're just facilitating Darwinism

>loan shark
its nothing original. 2% per day would violate any countries usury laws if they have them so you would need to look into that. secondly as many pointed out collecting would be neigh impossible without having thugs collect. you would be dealing with people who have bad enough credit they cant get a loan from a bank so they have nothing to fear about paying it back (ruining credit being the reason you pay it back normally).

idunno, sounds like a charity unless you plan on breaking the law.

Thanks. But I'm not talking about bankruptcy filings. What's to prevent the debtor's from not paying back the money? A person doesn't have to file for bankruptcy to not repay his loan.

What can you do where you live to encourage a borrower to repay his loan?

Banks here are not very eager to provide loans to anybody because the economy is close to non existent. Short term loans are meant for people who ran out of money and wouldn't go to the bank to take a proper loan in order to pay rent. Even though there are some low lifes and some money will be lost to people defaulting I assume that the majority of the people taking the loans will be normies who are not doing so well financially. Repayment of loans is enforced even in Bangladesh(which is total savage tier) so I think that my little Nepal would do ok. The hiring of thugs to collect loans is so much easier and more accepted then you would think. The levels of corruption are insane. As for the law, you might be either right or wrong I honestly am not sure but I doubt that such a law exist. Fun fact: we have zero traffic lights in a country of 30 million people. The chances are, laws are not in place to regulate loan percentages.

A collector agency!
>thugs
I would provide loans of 10-300 usd so even if a lot of them will be lost it will just be written of as an expense for the firm. The profit margins would cover all the people who ran away to the hills.

>Predatory lending
If that's not a loaded term, I don't what is.

Thank you. I've known about collection agencies but I never knew they could be so effective in other countries. Here in the U.S., just trashing someone's credit report could make it difficult for that person to find work so that's one incentive for people to pay up.

I've never gone into this field because it kind of sickens me to take advantage of poor people so badly. And a lot of the collection agencies really operate on the fringes of the law. Just unpleasant business all around.

Lottery would probably be more ethical than small loan business. If you're worried about people killing themselves you could have a limit on how many tickets a person can buy each day, and also try to make sure they understand the odds of winning.

Yes, regular lottery is not unethical at all. Instant lottery when you scratch a ticket however is as addictive as slot machines. It works on similar principles and people literally cant control themselves sometimes. Instant gratification, so the subject keeps pushing the button until it comes or he runs out of money.

Building churches, then renting them out to charismatic cult-like preachers who can sucker parishioners into funding insanely high rents.

Child "modeling". Needs no explanation.

Trailer parks for shitskins.

Getting DXM shipped from China and reselling it on the darknet markets.

How are trailer parks unethical? Child modelling and DXM sound illegal somewhat. Church scam fits description.

Running a trashy trailerpark like I had envisioned would involve being a slumlord. Have the put their trailer down as deposit and hope they stop paying rent. When they do, rent it out until it gets torn up, then scrap it, and do it again. I once lived in one of these when I worked in the oil field. It was a complete dump and the owner had three thugs going around picking up rent every 10th.

DXM sale may or may not be illegal, I'm not sure. Modeling is a gray area and generally up for debate in court, but highly exploitative.

Thanks for the clarification. I would also include porn into my list. Legal, profitable yet to far of the grey line for me.

DXM is an interesting drug because it's sold OTC in the united states but i'm sure if the feds wanted could pin some charge on you. You might be able to evade the Analogue Drug Act because DXM is scheduled but you might get something weird like "practicing without a license". Legality is questionable, probably hard to enforce.

I was thinking that if it was illegal it would be on the importation part. But it would have to be that way to make a profit, since if I had to extract the shit from cough medicine myself, it couldn't possibly be cheaper.

(I have also thought about selling stuff like (pseudo)ephedrine and other precursors that aren't easily purchased in bulk by the degenerates who use it. But not only is that obviously illegal, but also, in general, I don't know if I could sleep at night piddling around with drugs that hard.)

There's a very large market for (meth)amphetamine precursors. Even if your morals would let you, you would be competing with cartels, gangs, and dealing with who knows. Not really worth it.

Ah yeah almost any drug is illegal to import in bulk. I was thinking once it got stateside.

The business model is predicated on people not paying in time though. While I think people should be responsible and use their wits, it definitely is 'predatory' in nature.

you could look to replicate the grameen bank version of microcredit on a small scale if you already have liquid capital

Grameen was created as a tool to fight poverty and the global community still thinks that this is the magic bullet of ending poverty. While its true that some people manage to use this system for their profit a closer statistical analysis proved that its a meme. A bunch of people in Bangladesh sank into debt, one even worse then before. Wiki:
>Some analysts have suggested that >microcredit can bring communities into debt >from which they cannot escape.[52][53][54] >Researchers have noted instances when >microloans from the Grameen Bank were >linked to exploitation and pressures on poor >families to sell their belongings, leading in >extreme cases to humiliation and ultimately >suicides.
So lending money at extremely low interest rates which was created as a charity to uplift people from poverty still brought people further into debt and some committed suicides. And that's not even predatory landing.