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Everything on credit (slrpnk.net)
submitted 2 years ago by to c/aboringdystopia@lemmy.world
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This is a picture of a single gang EMT box, which is the kind of electrical box that a light switch is mounted to. This one is $1.90 to purchase, and there is a stupid option to buy it on credit for "4 easy payments of $0.48"
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[–] 47 points 2 years ago (9 children)

Nobody is buying a wall box on credit, but online retailers figured out if they just enable installment payment everywhere, it provides a small lift to sales at the expense of snarky comments from Lemmy.

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  • [–] [S] 10 points 2 years ago (8 children)

    Enabling it everywhere facilitates people purchasing things they can't afford and fucking themselves.

    The picture is funny but the real thing is filling up a cart with everything needed for a renovation, failing to pay a payment and having it cost you more than list price with the hidden, past due accounts owe us 30% interest plus fees type of paradigm.

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  • [–] 3 points 2 years ago (4 children)

    If you need to borrow money for a renovation, a HELOC is way cheaper than a credit card.

    IDK how much we need to protect stupid people from themselves.

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  • [–] 4 points 2 years ago

    Not everyone has access to the financial education that teaches you how bad this is. I see so many people that don't actually understand how credit cards work because they "just got one" after signing up for a rewards program (basically, got scammed into signing up).

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