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I admit, I'm getting cognitive dissonance with the idea of borrowing money to pay for shit you consume that has no residual value later. This makes absolutely no sense. WTF?

Lenders are ok with this business model?

I admit, I'm getting cognitive dissonance with the idea of borrowing money to pay for shit you consume that has no residual value later. This makes absolutely no sense. WTF? Lenders are ok with this business model?

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[–] • 2 pts

I buy all my groceries on credit and have for some time.

3% cash back with AMEX!

[–] • 2 pts

That's different. You're not financing your groceries.

[–] • 1 pt

That's not different. That's the same thing. Also, he's paying double if he's pays the loan off each month which I think is just as dumb as getting a buy now, pay later loan.

Playing their monetary games never works; if you have the cash, just pay cash.

[–] • 1 pt

Also, he's paying double if he's pays the loan off each month

Wut? How?

[–] • 1 pt

Right, I'm just being a smart ass.

Not sure how I pay double like snowman is suggesting. I never carry a balance. I'm not getting any interest charges.