Don’t worry, that’s just the rate if you have perfect credit (*starting at). The people that actually need such a service would likely be paying $3.50 per payment.
Honestly they’re probably taking a loss to punish people who miss payments on their eggs. One person on the debt treadmill is worth a lot more than a few cents… Loans are so shady as an industry, the smaller they are the more they’re just looking to further exploit the poorest people
Either that or they think the dollar is about to deflate lol
Loans are so shady as an industry, the smaller they are the more they’re just looking to further exploit the poorest people
And now you know why the Abrahamic religions forbid usury. It’s honestly a wonder the world managed to dig itself back into this particular hole again.
4 × 2.97 < 11.89.
Don’t worry, that’s just the rate if you have perfect credit (*starting at). The people that actually need such a service would likely be paying $3.50 per payment.
Yup. It’s just another predatory service.
Honestly they’re probably taking a loss to punish people who miss payments on their eggs. One person on the debt treadmill is worth a lot more than a few cents… Loans are so shady as an industry, the smaller they are the more they’re just looking to further exploit the poorest people
Either that or they think the dollar is about to deflate lol
And now you know why the Abrahamic religions forbid usury. It’s honestly a wonder the world managed to dig itself back into this particular hole again.
You forget that protestantism was basically invented from the ground up to be “Christianity rewritten to be extremely capitalist”