Originally posted by catleg
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Just curious who the creditor is, for this store card.
Please keep us updated on this as it progresses, it sounds like a good one.
I view this like a bowflex or other overpriced crap scenario, the creditor goes into this with their eyes open, the debtor did nothing wrong. If anything the creditor encourages the debtor to get in over their head with these no payments for a year deals, so they're just reaping what they've sown. It's a form of predatory lending/contributory negligence.
Please keep us updated on this as it progresses, it sounds like a good one.
I view this like a bowflex or other overpriced crap scenario, the creditor goes into this with their eyes open, the debtor did nothing wrong. If anything the creditor encourages the debtor to get in over their head with these no payments for a year deals, so they're just reaping what they've sown. It's a form of predatory lending/contributory negligence.
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