&quot;Insisting that the only alternative to missing payments is with obscene-interest loans &quot;<p>The money has to come from somewhere and the interest rate is based on risk.  If someone doesn&#x27;t have any credit, it&#x27;s most likely because they have no income or had credit and defaulted.  This is high risk and should have a high risk accordingly.<p>The other question is, why can&#x27;t they get credit from a bank?<p>I could get a $5000 line of credit at 18 years old..and I had no connections, a low-paying job, and no credit history.  The only way you can&#x27;t get credit is if you continue to misuse the system and become a risk to everyone.<p>We should be investing in more financial education.