Comment on U.S. consumers are so fucked up, that they put more than $1 billion on buy-now, pay later services during Cyber Monday

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Blaster_M@lemmy.world ⁨1⁩ ⁨week⁩ ago

PayPal Pay In 4, Paypal 12 months (sometimes), Amazon Affirm, all no interest. Unless you miss the payment. Then bend over for it. Interests rates vary from 8 percent to 32 percent retroactive, depending on who you get it through. I’ve used BNPL several times, but always made sure I can afford the payment in the monthly budget, and only when it is zero interest.

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