There is a whole industry catering to people buying 'luxuries' on credit they can't really afford. Over here in the UK, the main culprit is a company called Br

There is a whole industry catering to people buying 'luxuries' on credit they can't really afford. Over here in the UK, the main culprit is a company called Bright House. They sell new household electronics and other goods on credit at around 70% to 100% APR. They exploit the rush you get when you buy something shiny and new. For a lot of their customers, it is the only way to kit out the house with new appliances and furniture. The ability to do that gives their customers a false sense of achievement and secuirity which is exactly what these lenders exploit.