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A comment on U.S. credit card debt jumps 18.5% and hits a record $930.6B. Parent comment

Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by niij on Friday February 03, 2023 @01:49PM (#34646006)
Not everyone has as much liquid capital as you do. Short term loans can help cover necessary expenses (broken AC, car, etc) for those with less means.
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Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by watwut on Saturday February 04, 2023 @04:13AM (#34653009)
Taking these loans for someone without my means is even worst idea, because the interest payment will hit them more.

And I mean, broken AC is not necessary expense. It is a luxury item. A car may be necessary expense if your place don't have public transport, but at least here, poor people don't have cars.

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