Nobody is buying a wall box on credit, but online retailers figured out if they just enable installment payment everywhere, it provides a small lift to sales at the expense of snarky comments from Lemmy.
Enabling it everywhere facilitates people purchasing things they can’t afford and fucking themselves.
The picture is funny but the real thing is filling up a cart with everything needed for a renovation, failing to pay a payment and having it cost you more than list price with the hidden, past due accounts owe us 30% interest plus fees type of paradigm.
If you need to borrow money for a renovation, a HELOC is way cheaper than a credit card.
IDK how much we need to protect stupid people from themselves.
Quite a lot, actually.
https://www.creditkarma.com/about/commentary/americans-have-a-net-worth-problem-and-its-not-positive
More than half of Americans don’t know how to calculate their net worth (51%)
Nearly one-third of Americans have a net worth of $0 or less (31%)
And thats over a year old, its getting worse.