☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 6 months agoMore Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey sayswww.nbcnews.comexternal-linkmessage-square17linkfedilinkarrow-up11arrow-down10cross-posted to: usa@midwest.socialusa@lemmy.ml
arrow-up11arrow-down1external-linkMore Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey sayswww.nbcnews.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 6 months agomessage-square17linkfedilinkcross-posted to: usa@midwest.socialusa@lemmy.ml
minus-square☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPlinkfedilinkarrow-up0·6 months agoI think their rates might actually be higher, but they’re likely a lot less strict than credit cards in terms letting you get loans. People might’ve already maxed out their credit cards before resorting to these services as well.
minus-square小莱卡@lemmygrad.mllinkfedilinkEnglisharrow-up0·6 months agoif these are more predatory than credit cards, well then USians are really fucked lol
minus-square小莱卡@lemmygrad.mllinkfedilinkEnglisharrow-up0·6 months agoApparently paypal BNPL interest rate can go up to 36% ☠️
I think their rates might actually be higher, but they’re likely a lot less strict than credit cards in terms letting you get loans. People might’ve already maxed out their credit cards before resorting to these services as well.
if these are more predatory than credit cards, well then USians are really fucked lol
They are.
Apparently paypal BNPL interest rate can go up to 36% ☠️