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A comment on Online installment loans have taken the subprime market by storm. Parent comment

Re:Online installment loans have taken the subprime market b... by greenshackle2 on Tuesday October 29, 2019 @02:08PM (#21390270)
That's not really what the article is talking about though.

That kind of loan is nothing new. My parents were buying furniture on zero-interest installment plans decades ago. They offer zero-interest financing as an incentive to buy.

The article is about installment plans replacing high interest payday loans, which is a whole other game.

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Re:Online installment loans have taken the subprime market b... by WhompingWindows on Friday November 01, 2019 @12:56PM (#21420990)
How do they make money offering 0% financing on 36 month plans, let's say? Are they wagering that the cost of inflation/opportunity-cost of those dollars that the good people got is far outweighed by the benefits of people not paying on time? Seems wild that SO many of the customers wouldn't be able to pay on time...
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