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Your sandwich could hurt your credit score? Hidden dangers of 'buy now, pay later' apps coming to light
Fox Business ^ | 4/03/25 | Kayla Bailey

Posted on 04/12/2025 7:48:51 AM PDT by Libloather

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To: mellow velo

Wimpy was everyone’s first thought.


21 posted on 04/12/2025 8:39:11 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Libloather

Why buy a ssmmich when you can tell the woman to just make you one?


22 posted on 04/12/2025 8:40:23 AM PDT by Sirius Lee ("Never argue with a fool, onlookers may not be able to tell the difference.”)
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To: Libloather

How much will that sandwich end up costing in the end?

What’s the interest on it? 25%?

I see a whole new world of hurt for those who fall for this...


23 posted on 04/12/2025 8:40:42 AM PDT by Bon of Babble (You Say You Want a Revolution?)
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To: Libloather

As a child of the 1950s where the only credit available was at a local mom and pop store where they knew the customers and knew when payday was.

Our credit was called lay away. You pick an item and the store keeps it until you pay it off (generally Christmas gifts).

I did not get my first credit card until I was around 25.

I was shocked the first time I saw someone pay for their groceries with a credit card (this was early 1970s).

I am no longer shocked when I see people use a credit card at a fast food place knowing (statistically ) they will not be paying off their credit card each month and that the $10 meal may very easily end up costing them $15 or $20 over time.


24 posted on 04/12/2025 8:48:18 AM PDT by CIB-173RDABN (I’ll take a wait and see...)
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To: CIB-173RDABN
"Give me a Pepsi Free"


25 posted on 04/12/2025 8:49:31 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Libloather

I use credit cards for just about everything. All my utilities are on auto pay. But I pay each card off in full every month.


26 posted on 04/12/2025 8:52:52 AM PDT by AlaskaErik (There are three kinds of rats: Rats, Damned Rats, and DemocRats.)
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To: marktwain
But the application required I install an app on my phone, which I wasn’t willing to do. Reading the terms and conditions, the interest rate was 31%! No wonder they were willing to give a $100 credit to bring in people who don’t read the terms and conditions.

Oh yeah, those stores are always trying to push their store credit cards and there’s usually something slimy mixed up in there like crazy high interest rates. I always decline and I’ve even had cashiers argue with me, pushing the “But you’ll save XXXX on today’s purchase..” at me.

I don’t even give them my email address when they request it in a tone that makes it sound mandatory. I tell them, “No thanks; I have enough emails to delete daily as it is.” (Yes, I have a junk e-mail account, but I don’t need additional junk coming in.)

27 posted on 04/12/2025 9:01:02 AM PDT by Allegra (🍈🍈🍈🍈🍈🍈🍈🍈🍈🍈🍈🍈🍈🍈🍈)
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To: Libloather

It makes sense to put it on the card if you get cash back and you can pay it off immediately.


28 posted on 04/12/2025 9:03:39 AM PDT by Tired of Taxes
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To: Responsibility2nd

Could you not have taken that money, financed the balance at 31%, then immediately pay off the balance, or at least refinance it to a lower interest rate card and of course delete the app?


Probably. It was more trouble than it was worth. A hundred dollars isn’t what it used to be.

Bring back the $500 Bill! President Trump can do it with a Presidential order! That is how they were stopped!


29 posted on 04/12/2025 9:17:03 AM PDT by marktwain
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To: Libloather

Just wait until insurance companies access the purchases and determine your health risk because of the food you buy, even if it’s not for you.


30 posted on 04/12/2025 9:27:35 AM PDT by metmom (He who testifies to these things says, “Surely I am coming soon." Amen. Come, Lord Jesus)
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To: lastchance

You’re a wise and decent person...


31 posted on 04/12/2025 9:29:37 AM PDT by GOPJ (Elites want the gravy train running ripping us off for NATO, Tariffs and bad trade deals. NO MORE.)
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To: GOPJ

Thanks for those kind words. God bless.


32 posted on 04/12/2025 9:36:58 AM PDT by lastchance (Cognovit Dominus qui sunt eius.)
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To: lastchance

I just don’t carry cash anymore. We use our credit card for everything and pay it off at the end of the month.


33 posted on 04/12/2025 11:15:56 AM PDT by TexasKamaAina
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To: TexasKamaAina

That makes sense for those who will do just that.


34 posted on 04/12/2025 8:12:50 PM PDT by lastchance (Cognovit Dominus qui sunt eius.)
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