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~25% of their revenue comes from late fees to consumers. 75% from merchants. They're your standard loan shark predator disguised with flashy marketing and bank
by treelovinhippie 5y ago
~25% of their revenue comes from late fees to consumers. 75% from merchants.
They're your standard loan shark predator disguised with flashy marketing and bankrolled by VCs.
- interesting22 5y agoGiven that: - their late fees are capped - there is zero interest charge - they have a policy of never taking legal action to pursue payment - non-payments don't affect your credit rating On what is your argument based? There is literally nothing in common.
- boring_twenties 5y ago> they have a policy of never taking legal action to pursue payment - non-payments don't affect your credit rating Wait a minute, what incentive do we have to ever pay them back?