there are people here asking for a loan every week why is that? mnightwaffle
Why is other peoples lives any of your business? If someone needs/wants a loan and can repay, then he has the right to ask for it. Same as if someone trusts him to repay it is their right to loan him. Either way it's none of your business.
Exactly, it is none of the OP’s business why someone wants a loan every week.
It may not be good for a lender to continue this with a customer unless they get collateral as “payday” type loans are typically rated as high risk
The payday lending business is huge, lots of people live payday to payday and if you are living like that all it takes is to get behind 1 or 2 weeks and you will need to take a high interest payday loan just to pay the rent, keep the lights on or food on the table.
The problem usually lies in that once you start with very high interest loans, you may need to take a few before you are back on your feet again, they are designed to trap people. At least the BTC payday type loans here are low interest compared to payday lending.
In most occasions it’s probably for gambling, but so what, you are not the lender so why care?