My answer doesn't lack empathy but is based on years of work experience.
If you are lending money to people you don't want empathy or subjectivity you want to make sure that the person can repay the money.
And that is not only to protect the lender but also to protect the borrower[1]
[1] https://asic.gov.au/about-asic/news-centre/find-a-media-rele...