Now you too can easily make a ten dollar coffee cost twenty!
this post was submitted on 13 Jan 2025
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A Boring Dystopia
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Wow a 100% interest rate? What a bargain!
For short term loans? You'd be so lucky to have it just double.
drained my bank account, maxed my credit cards, but credit genie was there to help me take on more short term debt.
I thought I was being advertised to on Lemmy despite my various ad blockers and was furious for about 10 seconds lmao
Technically, you were.
If this post had been an advertisement, do you think you'd be allowed to comment on it?
Glad I'm not the only one getting mad when I see/hear an add now 😭
This is monstrous...
Why? She needed a latte, and because she suffers from poor choices, she can now get a $8 latte that will cost $219 to pay back!
Brb, I'm gonna take one of these out and apply to Caleb Hammer
phew crisis averted
This will be the new normal if we don't stop Capitalism now.
A world where you own nothing, and are expected to survive based solely on a debt that you are expected to pay back but it's an open secret that you never will.
My first taste of pure evil capitalism was when my fast food job in college was forcing everyone to switch to getting a "cash card" rather than a check. That card had a $0.25 fee every time you used it.
I don't know if it still exists or if sane politicians told companies that shit was illegal.
They're trying to go back to the 1800s. The giant, old, textile factory near where I live had dorms where the workers would live on premises and were paid in script for the stores owned by the factory. Like coal villages. They converted them into luxury loft apartments now.
I believe it is semi-legal where a card CAN be offered, but only as an alternative to direct deposit.
Still exists. We took out the middle man between the payday loan people and the minimum wage employees. Private sector efficiency in action!
Is this the latest hit single by Feudalism? I hate it.
u/CreditgenieApp Promoted
Ewwww! So glad I had somewhere else to go after dumping that place!
I feel sick, this is revolting
Gotta keep the wage slaves in debt so there's no upward mobility.
Sponsored Lemmy Comment: Hungry for a can of beans? Sign up now and get $100 of debt in minutes!
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Did... did they just reinvent credit cards from first principles? Just without the card?
It's Uber all over again. "Disrupt" a market by doing the same thing but with an initial honeymoon period of benefits, then when people have gotten used to your service, rain down the enshittification. Fewer regulations and oversight greatly help this endeavor.
Honestly these microloan apps are arguably less predatory than credit cards because they usually give you three months to pay and don't charge interest as long as you make those payments.
It's still absolutely predatory as fuck, but if you are poor credit cards are just way fucking worse.
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So now they're getting free organic marketing by being a shitty ad? Reacting the brand would be better.
awesome, that will go nicely with my 6-month financing for last week's Papa Joe's pizza
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Payday loans making a comeback, eh?
And because they don't appear on your credit check you can take a dozen out from different companies! What could possibly go wrong?
They’ve been here to stay. They just yassified them and are now aiming them at a different demographic. They’re trying—against all logic—to gentrify poverty traps. Welcome to the future.
Payday loans making a comeback, eh?
They never left. The financial vultures just keep renaming them and finding other loopholes to skirt regulations and keep trapping victims in their endless debt spirals.
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I'm immediately wary of anything involving credit that I didn't seriously consider or plan for. I can't imagine going into debt because I'd rather drink coffee at Starbucks than at home.
I'm the same way and I just had to sign up for a credit card specifically for vet bills because my dog needs emergency surgery. The vet told me the specific card isn't super predatory or whatever, but I didn't really have any time to think things over. I just want my dog better, and I know that I can't afford it on my own rn.
Care Credit? If you have good credit when you sign up for it, its legit.
Our Shiba Inu racked up a $20K surgery last spring, and $10K of it had to go on a Care Credit card. They gave us like 8 months 0% interest.
You can use it for any medical bills, but thats now specifically our "Oh fuck a dog emergency!" Card.
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I wonder how they interact with regulations of the payday loan industry.
So glad I don’t use Reddit
I wish Reddit wouldn't disable comments under ad-posts. Such a shitty website and so happy I left it for Lemmy.
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