Consumers are using buy now, pay later plans to pay for essentials such as groceries, as concerns around the economy grow.
  • Laser@feddit.org
    10·
    15 hours ago

    First off, I fully agree with you. But how people are lured in is that there is no interest if you pay on time, so it’s advertised as interest-free. But obviously the business model is built upon people not paying on time, and as such one should calculate that cost into it…

    • M0oP0o@mander.xyz
      2·
      12 hours ago

      This works when talking about seadoos and lifted trucks. When it is food the title of “fool” goes from lendee to lender.