Consumers have embraced ‘Buy Now, Pay Later’ products that allow them to pay for purchases in installments, but it’s not clear how many of these loans are out there.
The surge in popularity of 'Buy Now, Pay Later' products among consumers is undoubtedly remarkable. These payment schemes offer individuals the convenience of spreading out their purchases over time, providing a more manageable approach to budgeting and spending. However, amidst this widespread adoption, there arises a crucial question regarding the scope and prevalence of these installment loans within the financial landscape.
The lack of clarity surrounding the exact number of 'Buy Now, Pay Later' loans in circulation raises concerns about the potential implications for both consumers and the broader economy. While the flexibility offered by these payment options like $100 loan instant app can be advantageous, it's essential to ensure that consumers are adequately informed about the terms and conditions, including any associated fees or interest rates. Transparency is key to empowering individuals to make informed financial decisions and avoid falling into debt traps.
Business cards are useful for this. I have enough revolving credit limits now that it doesn’t matter, but at one point I preferred to churn business cards, since a month’s worth of expenses could ding my credit.
For sure, but there were individuals buying homes too. Also, no savings, no more Airbnb and maybe can’t afford rent. Corporations will lose money, but they can sit on properties indefinitely.
The eventual ending of a scenario can either be government stepping in to take back properties, or one of two darker outcomes, the people take back property by force, or the corporations defend property by force. Imo all outcomes are grim
Surprise twist, Yellowstone suddenly blows up before any of these scenarios play out. The few remaining bacteria take back the properties. With no more scentient life present, “grimness” ceases to be a concept and there is no reflection on the present situation, the past, or potential futures. The outcome simply is.
Ha! You think the American public has the backbone to take anything by force? Not fucking likely. Corps will utilize law enforcement who are already militarized. Large part of the bell curve of the population can’t even think for themselves let alone coordinate to do something productive. They haven’t got what it takes to stand up for themselves. They think they do but they don’t. This goes for both sides of the 2 party system.
Maybe the government should actually try protecting people who are obviously too stupid to avoid these predatory practices. Maybe we should invest in an educated country. Maybe this is all working out just fine for businesses tied to politicians and therefore nothing more to worry about.
Wells Fargo estimates that there’s about 46 billion dollars in phantom debt, and that’s just from "Buy Now, Pay Later.” And that’s just in the US alone.
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