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I would say the cultural issue is more that the employer doesn't pay you immediately for your work. I understand there are regulatory reasons behind this, but
by ErikVandeWater 5y ago
I would say the cultural issue is more that the employer doesn't pay you immediately for your work. I understand there are regulatory reasons behind this, but still, this is what creates the dependency on credit.
There's nothing wrong with a credit card company giving out free 30 day loans with reasonable interest if they are not repaid on time.
- bobthepanda 5y agowhen you say pay immediately, do people really get paid end of day in other countries?
- emodendroket 5y agoIf you're in a position where you find yourself needing payday loans, I think that shifting around the pay schedule is not going to help; you just have too little buffer for your expenses.