• Tankiedesantski [he/him]@hexbear.net
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    1 year ago

    Things that are more nebulous and harder or impossible to check.

    Then please demonstrate how easy it is for the consumer to check their total payments by posting a screenshot from that website that alerts the consumer to the possibility of paying 4x the cost of the device as the total cost of transaction.

    • wahming@monyet.cc
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      1 year ago

      check their total payments

      If you’re signing a contract with no idea how much you’re going to be on the hook for, no amount of govt protection will keep you solvent.

      • Tankiedesantski [he/him]@hexbear.net
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        1 year ago

        The government could very much keep them solvent by, for example, mandating that consumer credit contracts must show tables of total payments including all fees and interest over time. Does the credit contract in question display such information? Onus is on you to provide proof if you’re alleging that it does.

        • wahming@monyet.cc
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          1 year ago

          Onus is on you to provide proof if you’re alleging that it does.

          At no point did I allege that, so no.

          The government could very much keep them solvent

          Doubt. They’ll find some other money trap to fall into in a week unless they’re taught to actually be smarter about their finances.

          • BelieveRevolt [he/him]@hexbear.net
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            1 year ago

            Doubt. They’ll find some other money trap to fall into in a week unless they’re taught to actually be smarter about their finances.

            ”Poor people are poor because of their inferior nature” Fuck off.

            • wahming@monyet.cc
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              1 year ago

              You could do with some lessons in reading comprehension.

              “Poor people are poor because they’ve never had the chance to learn how to manage money, and I suggest teaching them.”

              • Tankiedesantski [he/him]@hexbear.net
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                1 year ago

                Sure, poor people are poor because there’s one specific piece of magical knowledge that they were never taught. Nothing to do with structural socioeconomic forces that keep people poor so that their labor can be more cheaply exploited.

              • BelieveRevolt [he/him]@hexbear.net
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                1 year ago

                That’s just the same thing I wrote, basically. You’re still saying it’s their own fault that poor people are poor, except with an extra veneer of condescension.

              • Are_Euclidding_Me [e/em/eir]@hexbear.net
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                1 year ago

                Why do I always end up reading so deeply into these threads started by fucking ghouls who seriously believe poor people are poor because they’re just too stupid to understand how money works? I should have backed off when I saw how deep this goes, but no, I must hate myself, because here I am, having just read your ridiculous comment how some sort of nebulous “education” will solve poverty somehow. Fuck off until you learn some damn empathy. I hope you end up neck deep in debt through no fault of your own.

                • wahming@monyet.cc
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                  1 year ago

                  I didn’t claim it would solve poverty, I claimed it was the better route to dealing with scams like this. But sure, have a lovely day cursing everybody you meet who you disagree with.

          • Tankiedesantski [he/him]@hexbear.net
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            1 year ago

            At no point did I allege that, so no.

            You have been consistently been alleging that the woman in question could have easily checked the total cost of her payments, which you have just declined to provide proof for. I will take this as a concession from you on this point and move on.

            Doubt. They’ll find some other money trap to fall into in a week unless they’re taught to actually be smarter about their finances.

            This is an unfalsifiable counterfactual and I will dismiss it without further comment.

            • wahming@monyet.cc
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              1 year ago

              You have been consistently been alleging that the woman in question could have easily checked the total cost of her payments

              Yes? When faced with a ‘deal’ where you know the regular installment payment and the length of said debt, how difficult is it to figure out how much you need to pay by the end of it? Especially when everybody has a calculator in their pockets at every waking moment. If the answer is ‘too difficult’, I’m taking that as more reason for the education approach.

              • Tankiedesantski [he/him]@hexbear.net
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                1 year ago

                And you know that no information was deliberately obfuscated or hidden by the vendor? The vendor currently being sued by regulators for operating a business model “designed to avoid consumer protections for financially vulnerable consumers.”?

                Curious as to how you know this information. Do you have a copy of the court filings? Please feel free to share if you do.

                • wahming@monyet.cc
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                  1 year ago

                  You keep putting words in my mouth. Please share where I said anything like that.

                  • Tankiedesantski [he/him]@hexbear.net
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                    1 year ago

                    Actually I’ll do one better. While you were deflecting, I found the court filings.

                    Not shockingly, one of the main causes of action against the defendant is that they are dressing up a credit contract as a lease agreement to avoid interest rate caps (Section 3.2) and disclosure requirements (Section 3.3) which you’ll notice is exactly what I was talking about from the get go.

                    Damingly:

                    Let’s see you use that calculator in your pocket to determine if you’re getting a reasonable deal without being told the original price of the goods, the interest rate, and how the interest was calculated.