Comment on Disability pensioner charged $6,760 for renting a phone that retails for around $1,800
Tankiedesantski@hexbear.net 11 months agoAt no point did I allege that, so no.
You have been consistently been alleging that the woman in question could have easily checked the total cost of her payments, which you have just declined to provide proof for. I will take this as a concession from you on this point and move on.
Doubt. They’ll find some other money trap to fall into in a week unless they’re taught to actually be smarter about their finances.
This is an unfalsifiable counterfactual and I will dismiss it without further comment.
wahming@monyet.cc 11 months ago
Yes? When faced with a ‘deal’ where you know the regular installment payment and the length of said debt, how difficult is it to figure out how much you need to pay by the end of it? Especially when everybody has a calculator in their pockets at every waking moment. If the answer is ‘too difficult’, I’m taking that as more reason for the education approach.
Tankiedesantski@hexbear.net 11 months ago
And you know that no information was deliberately obfuscated or hidden by the vendor? The vendor currently being sued by regulators for operating a business model “designed to avoid consumer protections for financially vulnerable consumers.”?
Curious as to how you know this information. Do you have a copy of the court filings? Please feel free to share if you do.
wahming@monyet.cc 11 months ago
You keep putting words in my mouth. Please share where I said anything like that.
Tankiedesantski@hexbear.net 11 months ago
Actually I’ll do one better. While you were deflecting, I found the court filings.
Not shockingly, one of the main causes of action against the defendant is that they are dressing up a credit contract as a lease agreement to avoid interest rate caps (Section 3.2) and disclosure requirements (Section 3.3).
Damingly: Image
Let’s see you use that calculator in your pocket to determine if you’re getting a reasonable deal without being told the original price of the goods, the interest rate, and how the interest was calculated.