Anonymous #1 4w

my rule of thumb w finances is “if it sounds too good to be true, it’s too good to be true” between this and the stealth payday loan apps we are so cooked

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Anonymous OP 4w

Shit dude it’s not even too good to be true, it’s absolutely a helpful tool for managing finances. It mixes the “interest-free unless it’s late” aspect of credit cards with the “pay little by little over time” aspect of loans, but most Americans aren’t financially literate enough and something crazy like 80% had late payments. It’d be so useful to use it for something like larger immediate Roth IRA (and investment accounts in general) contributions and I wish we could do that.

1

Anonymous #1 4w

their business model is not sustainable is the thing. They arent even profitable. It will collapse, and anyone still in it will likely be fucked

1

Anonymous OP 4w

Like interest free loans for higher leverage sooner would be a revolutionary business model and straight up undermines every major financial institution, but people are using it to buy shit like shoes so it’s not available yet

1