5 ms·
Doesn't it? Although there are no-interest loans (for a promotional period at least), you are most likely going to pay more than what the price tag says since t
by nomorewords 5y ago
Doesn't it? Although there are no-interest loans (for a promotional period at least), you are most likely going to pay more than what the price tag says since the bank wants to make a buck too. So the poor people end up spending more again.
I do agree that it is a better scenario than having to always buy the lesser quality item, but you still are paying the 'poverty tax'
- redisman 5y agoLooking up the biggest(?) online player in the space: "We offer payments at a rate between 0–30% APR based on customers' credit." There it is. Barely hidden by more advanced financing.
- foobar33333 5y agoI'm not sure what the global scene is like but in Australia "After Pay" has taken over, they charge the fees to the retailer and ban passing them on directly so the system is subsidized by everyone.