When I was in military we had a “Flower Fund”. You bought shares and the money was loaned out. The interest was 25% a payday. One guy wanted to borrow $200 and pay back $25/week. We spent hours trying to explain why this was a bad idea. He didn’t do it, but I don’t think he ever understood he could never pay it back. Anyway when you transferred, you got back whatever your share was. You had to be a member to borrow, so no one was being cheated.
When I was in military we had a “Flower Fund”. You bought shares and the money was loaned out. The interest was 25% a payday. One guy wanted to borrow $200 and pay back $25/week. We spent hours trying to explain why this was a bad idea. He didn’t do it, but I don’t think he ever understood he could never pay it back. Anyway when you transferred, you got back whatever your share was. You had to be a member to borrow, so no one was being cheated.