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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[–] • 3 pts

There’s a reason usery was illegal and considered immoral. Borrowing for a large item like a house leads to a slippery slope, now you think it’s ok to borrow for a car, or a pair of skis, then suddenly it’s ok to borrow for a Big Mac or a gallon of milk.

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[–] • 3 pts

Finally, you borrow to pay back your other loan.

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/s/insanity

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