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Now you too can easily make a ten dollar coffee cost twenty!
Wow a 100% interest rate? What a bargain!
For short term loans? You’d be so lucky to have it just double.
It’s probably only 25% if paid back within 24hours
drained my bank account, maxed my credit cards, but credit genie was there to help me take on more short term debt.
I thought I was being advertised to on Lemmy despite my various ad blockers and was furious for about 10 seconds lmao
Technically, you were.
If this post had been an advertisement, do you think you’d be allowed to comment on it?
Glad I’m not the only one getting mad when I see/hear an add now 😭
This is monstrous…
Why? She needed a latte, and because she suffers from poor choices, she can now get a $8 latte that will cost $219 to pay back!
This will be the new normal if we don’t stop Capitalism now.
A world where you own nothing, and are expected to survive based solely on a debt that you are expected to pay back but it’s an open secret that you never will.
My first taste of pure evil capitalism was when my fast food job in college was forcing everyone to switch to getting a “cash card” rather than a check. That card had a $0.25 fee every time you used it.
I don’t know if it still exists or if sane politicians told companies that shit was illegal.
They’re trying to go back to the 1800s. The giant, old, textile factory near where I live had dorms where the workers would live on premises and were paid in script for the stores owned by the factory. Like coal villages. They converted them into luxury loft apartments now.
🎶You load sixteen tons, what do you get? Another day older and deeper in debt. Saint Peter don’t you call me, 'cause I can’t go. I owe my soul to the company store.🎶
Still exists. We took out the middle man between the payday loan people and the minimum wage employees. Private sector efficiency in action!
I believe it is semi-legal where a card CAN be offered, but only as an alternative to direct deposit.
Is this the latest hit single by Feudalism? I hate it.
phew crisis averted
Sponsored Lemmy Comment: Hungry for a can of beans? Sign up now and get $100 of debt in minutes!
i think you mean $100 of beans
Sorry no beans, just debt. And an agreement to terms and conditions that you must not poop for 72 hours.
or what
Or else you will face the wrath of Beef Stroganoff and your clothes will be replaced with denim.
oh no, that’s the worst texture!
or the arbitration begins
i’d need more beans
Gotta keep the wage slaves in debt so there’s no upward mobility.
awesome, that will go nicely with my 6-month financing for last week’s Papa Joe’s pizza
Considering i don’t plan on retiring, this is fine – i will leave as much debt as possible in my wake when i move onto the great gig in the sky 😇
Except for the fact that you’ll eventually have everything you own taken away AND be put in jail.
Debtors prison called debtor’s prison might be illegal, but tons of de facto debtors prisons that de jure go by other names are becoming the standard way for US local and state governments to punish people for existing while poor.
I don’t have, and won’t have children.
When I get into my older years, I’m just gonna grab a couple thoussnd loans, and be done with life. Fuck it. I’m gonna spend my elderly years lonely, high off my ass, and giving the middle finger to society.
I figure I’ll go to base ball games, and start drinking lemonaide with tea in it. And also take some drugs.
Look man. Don’t even get me started about the damn 2020 rules that have stuck around.
I don’t understand why they felt the NEED to play baseball during a global health pandemic, but if we’re starting out already establishing the fact that they had to play baseball in that…THEN I say the 2020 rule changes made sense. For 2020.
But now??? Fuck the pitching clock. Fuck the extra innings man on second! I do NOT want my game sped up. I do not want a faster game. I want to sit in the sun, and enjoy a slow breezy summer day, in my happy place watching baseball. Look, I’ll be 85. And now you’re telling me my damn baseball ticket which cost me $30,000 because of inflation by 2067, now means I only get 2 hours of baseball??? Hell, thats hardly even enough time to find my seat! You know I don’t walk so fast. I don’t mean because I’ll be 85. I’m 41 now, and I didn’t walk so fast 20 years ago.
But now you tell me, after 85 years on this planet. Living through 9/11, a global pandemic, 6 terms of a trump presidency, global warming making winter in the north 115F degrees, and after all that bullshit, you wanna make my baseball shorter??? Oooooooh, and you wonder why us old timers are cranky! Boy let me tell you when I was a young spruce, I’d have pounded 15 shots of whiskey, drank about 24 beers, and then proceeded to mop the floor with you! Well lucky for you, I’ve only had 10 shots of whiskey, and 15 beers, but I also took some other extra ciricular activities, and now I’m not sure if you’re a person, or if I’m talking to a lamp post again!
I’m gonna be a grumpy old man, who yells at the youth for not understanding things they weren’t alive to experience.
It’s gonna be great!
I like the pitching clock. I don’t expect to be able to afford to go to baseball games in my old age. And drugs will be sketchier because of all the other prescription medications I’ll likely be on.
By next week you should be able to roll that over and get a second mortgage secured against the first pizza for a new pizza.
Pizza mortgage lmao
luckily I don’t have to eat every day!
This is why I financed the whole pizza and take out pizza equity loans as I pay it off. It affords a few slices every now and then.
should have gone to Mahjong’s Pizza, you would have got a lower APR
Looking for angel investors for my new business idea: if we offer the lowest pizza down-payments in town, we can edge everyone else out of the market by 2034 and be the market leader!
u/CreditgenieApp Promoted
Ewwww! So glad I had somewhere else to go after dumping that place!
Is that woman crying?
Yeah. Probably, she read the terms and conditions.
Rookie mistake. If you wouldn’t read a company’s legal teams’ diaries, you shouldn’t read their T&C (same thing)
She’s laughing to keep from crying.
No.
Payday loans making a comeback, eh?
And because they don’t appear on your credit check you can take a dozen out from different companies! What could possibly go wrong?
They’ve been here to stay. They just yassified them and are now aiming them at a different demographic. They’re trying—against all logic—to gentrify poverty traps. Welcome to the future.
Payday loans making a comeback, eh?
They never left. The financial vultures just keep renaming them and finding other loopholes to skirt regulations and keep trapping victims in their endless debt spirals.
It tends to move around from scam to scam.
A lot of the payday loan companies seemed to disappear in the UK. The main one was Wonga, which went under after we made it so that companies lending money would have to pay compensation if they lent money to people who would be unlikely to be able to repay it.
Then there was places like BrightHouse which specialised in selling basic household items to poor people with a 99% APR on them. So that £300 washing machine ends up costing over £1000 by the time they own it.
The current one is places like Klarna, which is a buy now pay later system. Popular because it doesn’t charge any interest (most of the money comes in fees from the retailers) and they don’t put it on your credit history, but miss a payment and they’ll be on you like a ton of bricks.
It’s just the same thing over and over, which a slight change to skirt any new regulations. It’s still the same cash flow problems underlying it all.
I used to work for one the biggest in the UK. A lot of the new legislation at the time destroyed us. Deservingly so.
I felt our company wasn’t the worse because we were upfront about what we would charge but we had a lot of sister companies that would have a lot of hidden charges and the execs loved those. Well, guess what, legislation hit us hard because all those others wouldn’t be compliant.
Personally, I hated payday loans and I think they’re horrible, but I worked at Barclays too. An interview I had with a team there was basically working on “cheating” taxes. So like, it’s not much better for society in my opinion either.
I avoid Klarna and similar services like the plague. But if it’s really interest-free, it doesn’t belong in the same category as those scummy loans with crazy interest at least.
There’s some different options they offer. One where you pay installments with interest, and another where it’s just like credit cards - if you pay it off before the period (30 days), you don’t pay any interest.
Still a million times better than payday loans, but ideally people shouldn’t put themselves into debt for stuff they don’t need.
What’s that you say? You want to order Chinese food tonight and pay for it in 4 separate payments over 4 months? Sign up here!
I dont use Klarna myself, but from what I’ve heard from people that do use it, it’s a decent company.
For one, their business model isn’t based on trapping people I debt, but is more akin to PayPal, in that what they do is offer a transaction service. Most people I’ve heard of just use it to handle online transactions, without using the “split up payment” version. I’ve been told one reason (besides protecting their payment information from third parties) is that if they return something, they just forward confirmation that it was returned to Klarna, and the payment is cancelled. That way, they can buy stuff and only pay if they actually keep it, rather than having to go after some company to get their money back.
On general grounds though, I’m sceptical of any “buy now, pay later” service.
When Arizona banned them almost all of them just pivoted to auto title loans. These use the same laws pawn shops exist under, so you’re basically pawning off your car for a couple hundred dollars.
I’ve just got two kneecaps but those payday loan chumps will let me come back again and again! Sounds like a win for me
Brb, I’m gonna take one of these out and apply to Caleb Hammer
I’m immediately wary of anything involving credit that I didn’t seriously consider or plan for. I can’t imagine going into debt because I’d rather drink coffee at Starbucks than at home.
Do you mean wary or does it make you tired?
Woops, yes.
I’m the same way and I just had to sign up for a credit card specifically for vet bills because my dog needs emergency surgery. The vet told me the specific card isn’t super predatory or whatever, but I didn’t really have any time to think things over. I just want my dog better, and I know that I can’t afford it on my own rn.
Care Credit? If you have good credit when you sign up for it, its legit.
Our Shiba Inu racked up a $20K surgery last spring, and $10K of it had to go on a Care Credit card. They gave us like 8 months 0% interest.
You can use it for any medical bills, but thats now specifically our “Oh fuck a dog emergency!” Card.
Sadly, with the lack of financial education, many people do not correctly assess their salary/expenses vs their real/perceived expense class
Basically a lot of people are shitting way higher than their ass will allow them
These are the kind of people targeted by these ads
And it’s all good in my books. If you are so DESPERATE for approval that you need to take in loans to keep up appearances, then good for you but don’t complain about the consequences.
No one forced you except your own inferiority complexes
You don’t need to feel sorry for them, but why are you pleased about the fact that people are sabotaging their futures?
Because they get to feel better than somebody.
So now they’re getting free organic marketing by being a shitty ad? Reacting the brand would be better.
