Why would anyone do this
My landlord partnered with a financing company - I can pay $15/month for the luxury of making weekly payments on my rent
Submitted 8 hours ago by andros_rex@lemmy.world to aboringdystopia@lemmy.world
https://lemmy.world/pictrs/image/6ceb0bd5-8e5a-4477-8020-f2010d5672c6.jpeg
Comments
SlartyBartFast@sh.itjust.works 2 hours ago
chiliedogg@lemmy.world 6 hours ago
$15 plus 1% of rent plus card processing fees.
If your rent is $1200 and there’s a 3.5% processing fee, you’re looking at $70/month in extra fees.
HasturInYellow@lemmy.world 6 hours ago
Move. Into the streets of needed. Say no to insane bullshit
sudo@lemmy.today 1 hour ago
no
SatansMaggotyCumFart@piefed.world 8 hours ago
When you're rich everything is free and when you're broke it costs a lot.
WallsToTheBalls@lemmynsfw.com 3 hours ago
Yeah my place has this too, it’s an option if you want to split your rent into two payments… ie you don’t have enough to make the whole payment.
Sign of the times for sure
MadMadBunny@lemmy.ca 8 hours ago
🤪
RBWells@lemmy.world 3 hours ago
14.99 plus payment fee of 1% of rent amount. So if your rent is 2k that’s another $20 per payment.
For what? Please tell me this is not the only payment option.
Lumidaub@feddit.org 8 hours ago
Can he force you to enter a contract with them? Sounds illegal.
andros_rex@lemmy.world 8 hours ago
No, I still have the option of paying it all at once without going through this finance company. But they’ve been spamming my email letting me know about the “new payment option.”
foodandart@lemmy.zip 7 hours ago
That’s when you reply to the company and tell them that you find their policies rather predatory and not too dissimilar from low-class “payday loan” companies and that you want them to remove you from their mailing list and you will from now on mark any emails from them as spam, and sent straight to the trash.
CC it to the landlord as well.
He has the right to use their services, but you have the right not to do business with them. Your agreement is with the landlord NOT a third party that came in after the fact.
kkj@lemmy.dbzer0.com 5 hours ago
Report the emails as spam, especially if they’re from the loan shark directly.
Trigger2_2000@sh.itjust.works 2 hours ago
Your landlord is a fool! They should have raised the rent by that same amount and then offered you a $10 a month discount to pay it all at once.
Rookie doesn’t know how to play a numbers/scam game. /s
In truth, sorry you are only being given such a scummy “option”. The simple math shows that the more often you pay (i e. the earlier the recipient gets your money) the more they make in the long run. They should just do that and be decent about the whole thing.
ThePantser@sh.itjust.works 7 hours ago
All at once? It’s either monthly with fees or a whole year of payments? This sounds illegal but what’s legal these days. I would say fuck this guy and give him a check every month and if he refuses then put it in a escrow account and tell him if he will only take one lump payment then he can wait until the end of the year to collect it.
By forcing lump payments they are removing your bargaining power when shit goes wrong. Withholding rent is the only power a renter has.
maudelix@lemmy.world 8 hours ago
Same shit at pet screening. I already have to pay a $200 deposit for having a cat, a $30 per month fee for both cats and now $40 per car per year for pet screening.
bdonvr@thelemmy.club 7 hours ago
Lmao my landlord sent me a link to some pet screening thing I was meant to pay for.
But they forgot that that isn’t actually in my lease so I just ignored it.
WallsToTheBalls@lemmynsfw.com 3 hours ago
My pets are all illegal aliens
lmmarsano@lemmynsfw.com 4 hours ago
Did you look carefully for an e-check option? In similar complaints, I’ve seen people frequently miss that.
bdonvr@thelemmy.club 7 hours ago
Yep me too. It’s gross.
rozodru@pie.andmc.ca 8 hours ago
after looking at their site….oh fuck no.
they offer lines of credit to pay your rent. but you have to pay back said credit by the end of the month so….why? If you’re having trouble paying your rent getting a line of credit to cover it and then having to pay back said credit by the end of the month on top of a percentage AND membership fee it just sounds exactly like a payday loan where you KNOW they hope you roll over so you’ll never be able to catch up.
chemical_cutthroat@lemmy.world 8 hours ago
Its the same model as payday loans. It’s predatory lending plain and simple.
mechoman444@lemmy.world 6 hours ago
It is a payday loan in the most classical sense that’s why it exists.
Sometimes people aren’t able to pay by the first so they have to get it paid somehow it absolutely relies on getting paid later on to pay off the loan.
They’re just one half step above being a loan shark.
AA5B@lemmy.world 5 hours ago
They now have “freedom” to abuse their customers.
I’m sure you’ll feel that warm wet trickling down any day now
floquant@lemmy.dbzer0.com 5 hours ago
The US loves their useless, expensive middlemen.
its_kim_love@lemmy.blahaj.zone 7 hours ago
Innovation! They cut out the middle man and let’s you get screwed by just your landlord instead of the landlord and Copperhawks.
HeartyOfGlass@piefed.social 7 hours ago
Landlord’s brother probably runs the loan place.