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drained my bank account, maxed my credit cards, but credit genie was there to help me take on more short term debt.
Gotta keep the wage slaves in debt so there’s no upward mobility.
“Oh, he he, I’m so giggly. Getting coffee today is just sending me”
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?
This post is both a post and an ad, as the ad is what was posted…
Okay, let me make it perfectly clear then: I do not recommend or endorse this company. Do not use them or do business with them. I just came here to make fun of them.
Glad I’m not the only one getting mad when I see/hear an add now 😭
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.
Is this the latest hit single by Feudalism? I hate it.
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.
🎶You load sixteen tons, what do you get? Another day older and deeper in debt. Saint Peter don’t you call me, 'cause I can’t go. I owe my soul to the company store.🎶
Still exists. We took out the middle man between the payday loan people and the minimum wage employees. Private sector efficiency in action!
I believe it is semi-legal where a card CAN be offered, but only as an alternative to direct deposit.
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!
I wish Reddit wouldn’t disable comments under ad-posts. Such a shitty website and so happy I left it for Lemmy.
I barely go on X anymore, but I did the other day and saw a community note on an Ad and it virtually said it was a scam. I actually lol’d out loud.
One of the few things decent about that site, ignoring all the potential misuses of community notes on other more serious topics.
There’s so many ads now! It’s crazy
I think ads on the internet should only be allowed if they allow comments, with extremely limited moderation capabilities so that they can’t just delete all the comments they don’t like.
Just imagine the quality control we’d get on products. If people commented how your product fell apart after 6 months on all your ads you better bet things would get redesigned.
Of course, this is exactly why we can’t have those.
I wish Reddit wouldn’t
Same thing with YouTube. I wish I could vent to the people responsible for putting rubbish in front of me. They deserve to hear my opinion as much as they think they have the right to serve me that ad.
For web, use Firefox (or a Firefox based browser, such as Zen) with uBlock Origin and sponsorblock extensions.
For Android, use YouTube ReVanced (has ad blocking and sponsorblock built in)
For Android TV/FireTV/Google TV use Smarttube (also has ad blocking and sponsorblock built in)
If you’re on iPhone/iPad/Apple TV you’re still out of luck as far as I’m aware.
I don’t see ads in YouTube while using ddg video filter in search. iOS
No yt account and proton vpn with secure core on always and additional settings.
There are other options, but I haven’t kept up with it in awhile so I’m hesitant to suggest them.
You’ve discovered the reason why comments are disabled 😅
They know exactly what they’re doing and they absolutely don’t give a flying fuck about what you or I think of it.
I’m not sure if she’s laughing hysterically or crying.
So now they’re getting free organic marketing by being a shitty ad? Reacting the brand would be better.
100$ for coffee? Someone has GOT to rein in Starbucks!
There’s millions of people loading 50 bucks on the Starbucks card for those sweet points gains
I wonder how they interact with regulations of the payday loan industry.
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?
I’ve just got two kneecaps but those payday loan chumps will let me come back again and again! Sounds like a win for me
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.
It tends to move around from scam to scam.
A lot of the payday loan companies seemed to disappear in the UK. The main one was Wonga, which went under after we made it so that companies lending money would have to pay compensation if they lent money to people who would be unlikely to be able to repay it.
Then there was places like BrightHouse which specialised in selling basic household items to poor people with a 99% APR on them. So that £300 washing machine ends up costing over £1000 by the time they own it.
The current one is places like Klarna, which is a buy now pay later system. Popular because it doesn’t charge any interest (most of the money comes in fees from the retailers) and they don’t put it on your credit history, but miss a payment and they’ll be on you like a ton of bricks.
It’s just the same thing over and over, which a slight change to skirt any new regulations. It’s still the same cash flow problems underlying it all.
When Arizona banned them almost all of them just pivoted to auto title loans. These use the same laws pawn shops exist under, so you’re basically pawning off your car for a couple hundred dollars.
I avoid Klarna and similar services like the plague. But if it’s really interest-free, it doesn’t belong in the same category as those scummy loans with crazy interest at least.
There’s some different options they offer. One where you pay installments with interest, and another where it’s just like credit cards - if you pay it off before the period (30 days), you don’t pay any interest.
Still a million times better than payday loans, but ideally people shouldn’t put themselves into debt for stuff they don’t need.
What’s that you say? You want to order Chinese food tonight and pay for it in 4 separate payments over 4 months? Sign up here!
I dont use Klarna myself, but from what I’ve heard from people that do use it, it’s a decent company.
For one, their business model isn’t based on trapping people I debt, but is more akin to PayPal, in that what they do is offer a transaction service. Most people I’ve heard of just use it to handle online transactions, without using the “split up payment” version. I’ve been told one reason (besides protecting their payment information from third parties) is that if they return something, they just forward confirmation that it was returned to Klarna, and the payment is cancelled. That way, they can buy stuff and only pay if they actually keep it, rather than having to go after some company to get their money back.
On general grounds though, I’m sceptical of any “buy now, pay later” service.
I used to work for one the biggest in the UK. A lot of the new legislation at the time destroyed us. Deservingly so.
I felt our company wasn’t the worse because we were upfront about what we would charge but we had a lot of sister companies that would have a lot of hidden charges and the execs loved those. Well, guess what, legislation hit us hard because all those others wouldn’t be compliant.
Personally, I hated payday loans and I think they’re horrible, but I worked at Barclays too. An interview I had with a team there was basically working on “cheating” taxes. So like, it’s not much better for society in my opinion either.
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.
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.
Do you mean wary or does it make you tired?
Woops, yes.
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.
Yeah. I didn’t have to use it, thankfully. The surgery was only $1300. Turns out she deflated and swallowed her fave squeaky toy.
Sadly, with the lack of financial education, many people do not correctly assess their salary/expenses vs their real/perceived expense class
Basically a lot of people are shitting way higher than their ass will allow them
These are the kind of people targeted by these ads
And it’s all good in my books. If you are so DESPERATE for approval that you need to take in loans to keep up appearances, then good for you but don’t complain about the consequences.
No one forced you except your own inferiority complexes
You don’t need to feel sorry for them, but why are you pleased about the fact that people are sabotaging their futures?
Because they get to feel better than somebody.
If anyone is curious this is the process
- Be fucked
- Payday loan
- Payday
- 600% are you fucking kidding me?
- What’s the minimum?
- I’ll pay this the rest of my life I guess
- Be fucked by high interest loan
- Beg for money from family, friends, co-workers
- Thank God now I’m back to zero
- Still exactly as fucked as before
The Old Poor standard method
- Be Fucked
- Beg for money from family, friends, co-workers, new GF, new GF’s roommate, A dog owner you met at a dog park, Mormon missionaries, your landlord, your landlords ugly kid, your cousin, total strangers after you pretend you have the same name as them and act just JAZZED about it, anyone you suspect is sexually attracted to you, your nanna’s bridge group, other poor people, the homeless, people who speak the same language you do and are having a celebration at a public park after you convince them your ‘‘John’s Kid’’ or ‘‘Tia Marta’s thursday church preacher’’ literally anyone.
- Somehow still exactly as fucked as before but now you feel HELLA GUILT, because Tia Marta made you go to church on thursday and the preacher is very convincing. But at least you can’t be LEGALLY obligated to pay a loan shark money, and you saved a lot of time.
phew crisis averted
