Americans Are Now Taking Out Loans To Buy Groceries Using Pay-Later Services

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[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (5 children)

Interesting take.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

Which part? The bit about groceries I would hope is anti-inflationary. They raise prices, we reduce our food budget. To increase our food budget would validate the higher prices.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I diddnt know there were pay later services with no fees and no interest. That sounds more like a person helping another person, rather than predatory pay day loans.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

. That sounds more like a person helping another person, rather than predatory pay day loans.

I think they're selling the banking information they obtain, it's not noble or anything.

[–]Dragonerne 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Over how much time is it paid? 12 months?

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I only did it twice, seeing if CBD helped when I really couldn't afford it and the payments get split into fourths.