What kind of interest rates do these "apps" generally offer? I do remember some time ago opera or someone else was heckled for excessive rates or similar. My qu

What kind of interest rates do these "apps" generally offer? I do remember some time ago opera or someone else was heckled for excessive rates or similar. My question, why do people go for these p2p lending in the first place? Is it the ease of use? Or that your credit score is shit? Or what exactly? In the current fucking pandemic with job losses and markets at shit, I am seeing people buying stupid stuff like phones and cars for gaming and "entertainment" on credit. Why? If you have the capital NOW, then go for it. Otherwise you dont probably need it. Why is this fi ancial literacy difficult to comprehend?