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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[–] • 0 pt

They allow them to pay rent at the complex I'm at with them, too. Actively encourage it (I assume they get kickbacks). Means there is a ton of ghetto morons here that trash the places as they are evicted. I see what are essentially payday loans on everything, now.

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[–] • 0 pt

The other thing I've noticed is many help wanted signs with "daily pay", implying they can't keep help for longer than one day or people need money every day.

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/s/insanity

created ago

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