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That's not really what the article is talking about though. That kind of loan is nothing new. My parents were buying furniture on zero-interest installment pla
by greenshackle2 7y ago
That's not really what the article is talking about though.
That kind of loan is nothing new. My parents were buying furniture on zero-interest installment plans decades ago. They offer zero-interest financing as an incentive to buy.
The article is about installment plans replacing high interest payday loans, which is a whole other game.
- WhompingWindows 7y agoHow do they make money offering 0% financing on 36 month plans, let's say? Are they wagering that the cost of inflation/opportunity-cost of those dollars that the good people got is far outweighed by the benefits of people not paying on time? Seems wild that SO many of the customers wouldn't be able to pay on time...