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Gaze With Me Into The Credit Crystal Ball

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PayPal Lowers Installment Credit Threshold To $30 – $99 Purchases

 

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Today (Sept, 18), and Schmidt says, just in time for the holiday 2019 shopping season, PayPal is rolling out a new promotion that will make it possible for their merchants to offer PayPal Credit customers zero-interest installment financing for any purchase of $30 or more.

GILDED ALL THE WAY DOWN!

 

if consumers need this product, we're screwed.

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2 hours ago, hegemony said:

 

56 minutes ago, cv91915 said:

Anticipated COLA for 2020 (1.6%) is expected to be ~15% higher than the average annual percentage increase over the past decade (1.4% per year), which was spun into a negative by a headline writer. 

This is the same reason people don't understand their 401k's - You only see the "right here right now" and not the longer term trend. Which I suppose is why casinos do so well is those who come out of a casino after winning $500 on $100 played, never mind the $2000 played with no winnings in previous trips to said casino.

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