| ▲ | Aurornis an hour ago | |
You know those financially irresponsible people don’t need this program, right? They would have used a credit card to buy it with much worse terms You seem tilted at Apple for offering a financing option, but your real gripe is apparently with some people who have poor financial decision making skills. Those people could (and probably would) do a lot worse with traditional options like a credit card. | ||
| ▲ | HeWhoLurksLate a few seconds ago | parent | next [-] | |
> They would have used a credit card to buy it with much worse terms average credit card interest rate: 18-25% APR [0][1] average klarna effective interest rate:25-33% APR [2] revolving credit is not usually something I would recommend or even consider personally. Financing a burrito on its own is insane. [0] https://www.experian.com/blogs/ask-experian/research/current... [1] https://www.forbes.com/advisor/credit-cards/average-credit-c... [2] https://wealthvieu.com/debt/credit-card-debt/klarna-review/ | ||
| ▲ | edoceo 44 minutes ago | parent | prev [-] | |
From that lens this is a better option for the "buyer" (renter). Cause revolving credit is >10%, sometimes even more than 15%! | ||