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A comment on The 'Buy Now, Pay Later' Bubble Is About to Burst. Parent comment

Re:The 'Buy Now, Pay Later' Bubble Is About to Burst by Ultimatt on Friday January 13, 2023 @06:38AM (#34366472)
You then pay off your outstanding debts if you think there is risk you will be paying out more in the near term... That's why you only carry debt when you could otherwise afford something. Literally thats the point. Realistically though its even better if you lose your job because you have the cash in the bank you would otherwise have sunk into an asset.
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Re:The 'Buy Now, Pay Later' Bubble Is About to Burst by kortilla on Friday January 13, 2023 @07:36AM (#34366891)
You can’t pay it off if you weren’t able to afford it up front. You’ve changed the scenario from “I can’t afford the full cost but can afford monthly payments” to “I can afford this and am using monthly payments as an interest free loan”.
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Re:The 'Buy Now, Pay Later' Bubble Is About to Burst by Ultimatt on Saturday January 14, 2023 @05:24PM (#34384739)
Go read what I said, the premise was you can afford the item outright but it still doesn't make sense to if you have interest free credit available.
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