Banks are no better in this regard. A major Canadian bank gave my parents (70s & 80s) a line of credit with a ridiculous limit. Unfortunately not long after they got a long sob story from a relative “on the ropes” and used this line of credit to “help” them…to a point where making minimum payments will take them 55 years to pay back the line.
I won’t even bother mentioning how thanks to fractional reserves the bank literally “loaned” them nothing and will charge compounding interest on this money they could only conjure with the help of my parents agreement…and should they default they’ll get to take something of actual value (their home) in exchange for risking nothing of their own.
The modern monetary system is a scam of global, epic proportions designed to keep us all slaves and subservient.