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The video above dives into buy now pay later loans and how they’re used in the US. Something I appreciated is how the video dives into the types of fees and interest rates in these kinds of loans to show how they’re designed to make money off of you regardless of how they help you get the products you want.
It should be completely illegal. What are banks for? Only stealing money apparently given the sheer amount of banks that the US government has fined and sued over the past 20+ years.
We don’t need predatory loans. We need to get the criminals out of our banking industry.