Born to Squint, Forced to See ⚜️

  • 6 Posts
  • 284 Comments
Joined 1 month ago
cake
Cake day: April 26th, 2025

help-circle





  • Im certainly aware many people are using it for real necessities too, but even then I take issue with a 0% interest 3-6 month loan being labelled as “predatory”. A 0% interest 6 month loan is borrower-favorable at worst, and downright kindness by the lending company quite frankly. And they dont even really penalize as harshly as they should considering they are basically taking a loss on the initial loan.

    And some might say “well they take the loss on the loan to trap people in debt”, but only 17% of their income is generated by penalty payments. Really Klarna is best described as a business that is doomed to fail because its terms as a lender are too kind on borrowers. I just dont see how people can call them a predatory lender. Like yeah, they primarily loan to people who cant get normal credit, but the alternative would be those people having access to no credit. And the terms are clearly not predatory. So I dont see why people are up in arms against them





  • According to the article, Klarna posted a nearly $100M loss in Q1. So I suppose people just keep doing what theyre doing, at the expense of their own credit I guess

    Characterizing this as the lender’s fault is kind of silly though. Were talking about people buying door dash and cochella tickets on 0% interest credit. If anything its surprising the lenders are stupid enough to offer that in the first place. If you buy door dash on those terms and dont pay it back on time, its hard to see that as predatory in any way. Thats not remotely similar to a subprime loan on a car or a payday loan





  • Disposables would never have been the problem they are today if it wasnt for the blind regulatory stabs they were taking to “protect the children”. All those regulations banning vape shops and liquid mixing, or sales by mail.

    Back in the day, disposable vape shit was a terrible waste of money that was not enticing to anyone. Reasonable devices that didnt waste massive amounts of batteries or plastic were the norm. You would just change coils. The US government basically banned that from existing and let the disposables run wild. So now instead of buying and tossing a small bit of metal and cotton every once and a while, you buy and toss the entire fucking device. Its one of the most clear cut modern examples of poorly thought out regulation making a problem infinitely worse in every way than it ever originally was.

    Only people with motivation to quit cigs and people who nerd out about gear were ever gonna keep using the old style vapes. Everyone else might hit it and quit it eventually. Now the disposables have hooked an entire generation of kids because they arent such a pain in the ass to use or procure