Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 09/25/2025 11:53:59 AM PDT by CIB-173RDABN
Buy Now, Pay Later programs like Klarna, Afterpay, and Affirm promise interest-free payments and instant approval—but behind the scenes, they’re fueling a dangerous new debt trap. In this video, we break down how BNPL really works, why it's exploding in popularity, and how it's psychologically designed to make you spend more than you can afford. From hidden fees to data selling, here’s what they’re not telling you.
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Pretty much the same as every credit situation... enjoy the stupidity of the folks who have zero patience and zero self-control who want things NOW, and don’t make (or stick to) a budget. They typically also believe that paying as little as possible NOW somehow saves money, when in reality, in the long term, it costs far far more.
As though most people aren’t already irresponsible enough with money.
A Dollar Down by the Limeliters (prescient for folk singer songwriter Cisco Houston, this version in 1961.
https://www.youtube.com/watch?v=6RvKbrFKQ5Y
Thank you again...
I miss the good old days of direct mailing from credit companies.
“Take a vacation. You’ve earned it. Only 30% interest.”
Or. Cars. I HATE car shopping. There is a certain model truck that rearely comes up on the private market. So I’ll visit a dealership when I see one. They NEVER say what the car costs. The all ask “what can you afford every month? We accept low monthly payments.”
If you can’t pay cash, you can’t afford it (with very rare exceptions).
A Dollar Down by the Limeliters (prescient for folk singer songwriter Cisco Houston, this version in 1961.
—
I am old enough to remember it.
Wow. That would mean I’m getting old, too. I had the 45 single.
Accept payments to get a good price, later pay cash!
:)
.
Are these loans secured? In 3 years, when I need to start making payments, I will let them take it back.
Are these loans secured? In 3 years, when I need to start making payments, I will let them take it back.
—
That is the problem. They are not secured. They are not even vetted, anyone can use this regardless of credit history. These companies borrow money to pay the vendors, and then they turn around and bundle the “debt” and sell them to investors. Sounds familiar, this is the same model that led up to the 2008 housing bust.
They are also not regulated, yet.
The companies are not making any money. So the question is how long before another bubble bust taking the economy down with it?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.