There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

some_guy ,

But the economy is doing great, we promise

DaedalousIlios ,
@DaedalousIlios@pawb.social avatar

Just another in an on-going series of “rich bastards figuring out that there’s no more money to take.”

xmunk ,

I hope… No, I pray that Klarna, Afterpay and all the other similarly shitty services go belly up. They’re basically modern payday lenders and those businesses should die.

return2ozma OP ,
@return2ozma@lemmy.world avatar

You know a lot of those cash advance apps you can just revoke the ACH and delete your card from it. In their terms of service it literally says you are not obligated to pay it back. All those fintech companies.

xmunk ,

I don’t use them myself but I’d imagine most users aren’t aware of that loophole or are worried about their credit score.

Tramort ,

It can’t affect your credit score, because it’s not a loan.

If it was a loan they would be subject to ursery laws. But they don’t want to be. So you can default without penalty besides being hounded.

slacktoid ,
@slacktoid@lemmy.ml avatar

Tell me more of this dark magic!! Please!!!

return2ozma OP ,
@return2ozma@lemmy.world avatar

Example, this one is for Empower…

https://lemmy.world/pictrs/image/dab4f8ad-68e0-41f0-9e9f-45db125a2c5e.jpeg

I’m not a lawyer or endorsing any of the activities but it spells it out in their terms you’re not obligated to pay it back.

sunzu ,

Creditor would still seek remedy I would presume

Fuck that guy tho can't get blood from a rock folks.

return2ozma OP ,
@return2ozma@lemmy.world avatar

It was on Reddit awhile back… reddit.com/…/ulpt_never_repay_an_advance_app_back…

sunzu ,

I checked it out. That's three years old.

I don't think these apps actually are the creditor. They are "platform" they don't care if yoindont pay. Creditor would.

It is debt. Defaulting on debt carries risk, people should be aware of it. Strategic default is that just that strategic.

If you are going to do it, either seek advice proper counsel or do your own research.

It is a valid tactic but people need to be aware of risks.

return2ozma OP ,
@return2ozma@lemmy.world avatar

I may or may not know somebody that revoked ACH and closed accounts with a few of them a year ago and nothing ever came of it. They’re fintech companies not banks.

slacktoid ,
@slacktoid@lemmy.ml avatar

Wow … Wait what… What am I doing with my life?

LostWon ,

Do payday lenders (like Money Mart or whatever) not charge fees unless someone is late on a payment? I honestly don’t know how they work. I was under the impression that similarly, the only way Klarna and the others made money was by late payment fees since whenever they come up in a checkout it always says there are no fees (which I take to mean if payments are on time).

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •