I got a call from a distressed merchant today. Has an advance (thank god it's not us) with a 31% hold that wouldn't renew so he took out a stack with a $200 daily payment. That hurt so bad that he stacked the stack a week ago that has a $140 daily payment. What an ugly scenario. I doubt anyone gets paid in full. You could hear in his voice. The end is near.

I think stackers will self regulate themselves to some extent. Take it on the chin enough and you're out of the game.