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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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[–] • 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?

[–] • 0 pt

You used a credit card, which is a loan, to make a purchase. You then paid the loan off before they charged you interest.

You think you are beating the bank at their own game (3% cash back on grocery purchases, which is a joke compared to what they'd charge you for carrying a balance), when in reality, they know you are paying twice.

[–] • 0 pt

I pay once, get the 3%, and live happily ever after. You're not making any sense. There is no "they would", because I don't allow them to charge me interest.