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[-] ptz@dubvee.org 5 points 1 year ago* (last edited 1 year ago)

It's been a while, but I looked into a few of them at one point (want to say around 2013-2014?). The one I can still recall the details of had a $500-$750 limit on the purchase price, the payments were auto-debited weekly (mandatory), and you ended up paying around 2.5 times the original purchase price. The payment schedule was weekly payments for something like 12 weeks.

And that was a fairly benign one. Some, especially the ones that allowed for higher dollar amount purchases, were practically usury.

The whole "buy now, pay later" industry is entirely predatory.

this post was submitted on 16 Jul 2023
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