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(CNBC)   Mastercard enters 'buy now, pay later' battle with new installment loan program. Next up: check cashing, payday and title loans, leg breaking   (cnbc.com) divider line
    More: Obvious, Credit card, MasterCard, Debt, Debit card, Credit, Loan, Interest, competitive installment loan space  
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269 clicks; posted to Business » on 28 Sep 2021 at 9:30 AM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



8 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-09-28 9:41:32 AM  
That "new" feeling to whatever consumers are buying wears off long before the payments do.
 
Juc
2021-09-28 10:12:30 AM  
I think if people could get a mortgage via a broken leg or two, that's something they'd hop at the chance to get.
 
2021-09-28 10:44:50 AM  

Juc: I think if people could get a mortgage via a broken leg or two, that's something they'd hop at the chance to get.


Philip J. Fry, his eyes narrowed.
 
2021-09-28 11:41:12 AM  

Juc: I think if people could get a mortgage via a broken leg or two, that's something they'd hop at the chance to get.


How broken are we talking
 
2021-09-28 1:13:22 PM  

Juc: I think if people could get a mortgage via a broken leg or two, that's something they'd hop at the chance to get.


Well, yeah.  You're going to want to get some good hops in before your legs are broken.

Because, It's going to be awhile till you're hopping again.
 
2021-09-28 1:16:35 PM  
Isn't "buy now, pay later" the whole premise of a credit card?

Outside 0% interest, I personally don't get the appeal.

That said, most consumer items offering 0% interest financing are just paying the interest for you out of the insane markups.
 
2021-09-29 5:44:06 AM  
My Aussie bank had a new option on the online banking thing.  Apparently I can put my monthly credit card payment on a payment plan.  I don't think the local bank regulators will like that much.
 
2021-09-29 7:53:25 AM  

akya: Isn't "buy now, pay later" the whole premise of a credit card?

Outside 0% interest, I personally don't get the appeal.


0% interest and no credit check needed.  Basically an instant loan with no fees (if you pay on time).
 
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