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wild_a t1_j8p3jpy wrote

4 installments over 6 weeks? You’re telling me someone can’t afford to pay for something right now but will be able to in 6 weeks? What’s the purpose of short-term financing?

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mr_lab_rat t1_j8q0qkh wrote

I'm puzzled for the same reason. If could see doing payments for a freaking $1200 phone over 12 months but this just seems useless.

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Dan-in-Va t1_j8pconr wrote

I hope this is an error. The author misspelled "installments" (as instalments) so you never know.

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wild_a t1_j8plqhx wrote

I guess they didn’t proofread the article lol

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ChiefBoss99 t1_j8qr1q7 wrote

Some people are choosing to forgo credit cards and use these services instead. Or people have bad credit and so they do these instead.

I’ve considered doing it for budgeting purposes before (in terms of record keeping monthly instead of it being a lump sum), but I’ve never actually done it before. I could pay for these things upfront but sometimes you want the budget to line up better month over month.

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coffeeisnotlatte t1_j8qudl1 wrote

A 0% credit card is literally a better bet here though, you get longer than 6 weeks depending on your promotions (most offer 6 mo before they start charging interest, 6 weeks is nothing)

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