198 sats \ 5 replies \ @k00b 27 Oct 2023 \ parent \ on: Ridiculous ZIRP phenomena you've seen? meta
It basically serves the layaway crowd. My dad would use it for electronics stuff.
Like most forms of credit, it's probably addictive once you start using it.
As a credit-phobe one of the most chilling takes on credit was one I heard from a friend that carries a significant credit card balance:
He has a good job and income! He pays no housing costs! It blew my mind.
After loan pause ended last month finally paid off $360k student loans (post tax 😢). Loathe to take on any debt...
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Wait are you saying you did it?!? No more student loan debt?
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yeah haha. was a bit anticlimactic tbh...
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DUDE! That’s so crazy awesome. You’re free!
When I paid off my debt (10x less than yours), it didn’t feel like much at first, but eventually it felt like a storm had cleared. That low grade chronic stress was gone.
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haha thanks. maybe it was anticlimactic because i had the money set aside waiting for the federal loan pause to end... just hurts to think of the total in pre-tax dollars haha
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