this post was submitted on 17 Nov 2025
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United States | News & Politics
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It's better than credit cards IMO, you have a firm set amount of payments and amounts you need to make on a fim schedule (every 2 weeks) with no interest.
Properly managed, it's a decent way to make big purchases without straining your savings to do it. E.g. you want to make a 600$ purchase and have the money saved for it, but why spend it all when you have a 0 interest way to split that up over time in line with your paychecks? Then you can keep that savings for something truly unexpected
Ofc it's still debt short term or not, so if you're horrible at managing debt it's as bad as any other debt like Credit Cards