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submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]
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[-] [email protected] 4 points 1 week ago

If you take the time to read what they're saying it's actually 100% logical to spend money you don't have in some cases.

Ex: getting a new mortgage on a house that's paid for in the middle of COVID while interest rates are super low to invest it at a higher % than the mortgage.

[-] [email protected] 4 points 1 week ago

Your example isn't equivalent. BNPL does not require collateral. BNPL is, in general, predatory. Some people may take advantage of it the way OP described but they're the exception, not the rule.

That's why there are articles like this, and this and this.

this post was submitted on 25 May 2025
898 points (99.6% liked)

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