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In Reply to: I wanted to see how bad it is posted by Awe-d-o-file on April 29, 2015 at 08:44:41:
... For what are basically unsecured loans it is pretty good actually.
One of Australia's biggest department store specializes in "no interest" loans for 12/18/24 months (before interest kicks in) on most of their products. Many of the offers are executed with no deposit.
The department store "insures" or "indemnifies" the contract with an insurance company. If the deal goes sour it is the insurance company/debt collectors who chase the client.
The big plus for the department store is the goods bought on these sort of terms are sold at recommended retail price.
Anybody with an ounce of negotiating skills can purchase the same goods with a cash transaction and secure at least a 30% discount off recommended retail price. However many folks just pay whatever the ticketed price indicates so those type of folks can actually believe they benefit from buying the goods on terms.
Folks borrowing money to purchase goods has been going on forever. It is a necessary service providing goods to many folks.
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- Seems about right ... - three_sox 18:25:07 04/29/15 (0)
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