• brucethemoose@lemmy.world
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    18 days ago

    The loans… are a popular alternative to credit cards because they often don’t charge interest.

    I never considered this. That makes them seem more reasonable TBH, though of course they screw you over more if you pay late or pile them up.

    • catloaf@lemm.ee
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      18 days ago

      Credit cards also don’t charge interest if you pay off the balance every month.

      • brucethemoose@lemmy.world
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        18 days ago

        My thinking is that it’s a way to avoid adding to existing credit card debt, and accumulate more net “interest free debt” so to speak, as it’s a separate pool from a credit card.

        Yes, I know. But if one is going to have the debt one way or the other, I kinda see the logic.