WTF?! People buy groceries with "buy now, pay later loans?" Crazy! You consume groceries, there is no value after it's consumed. You can not borrow money for this!

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WTF?! People buy groceries with "buy now, pay later loans?" Crazy! You consume groceries, there is no value after it's consumed. You can not borrow money for this! (www.cnbc.com)

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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[–] • 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.

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