JHZR2
Staff member
Well that is the fault of the bnpl companies for offering stupid credit to inappropriate people. As long as they don’t get a bailout, and go bankrupt spectacularly, why would I care?
'Eat now, pay later'? DoorDash-Klarna deal fuels concerns around loans for takeout
- Thread starter Dave Hess
- Start date
That’s true.
It’s also true that women advise young women to not marry until they’re at least 30.
I’ve seen one woman giving advise to find a husband in college and get attacked for it.
Susan Patton: A Little Valentine's Day Straight Talk
Imho, people unable to pay for their own food should not be left unsupervised.
She at least has good choices in shirts
I’m less appalled at the consumer’s stupidity and more appalled at the loan provider’s stupidity. And I'm sure they’ll whine about it if they go under.
I can hear it now. Can you believe these people didn’t pay their fast food loans? Um, yes. Yes, I can.
I can hear it now. Can you believe these people didn’t pay their fast food loans? Um, yes. Yes, I can.
Agree, 75% of the options I don't see it being remotely worth it. That doesn't not even come look at the very high fees. (Nothing is free).
People have told me you have to leave a very good tip (Minimum 18%) before anyone will consider taking your order.
Personally, I think they are predators, Poor low IQ sap I know was regularly getting Starbucks delivered to his hotel room at $10-12 a pop.
Similar to the "No Credit, buy here - pay here " used car lots; with the fee's, interest rates and kick-backs they are probably making 20-30% easy. I'm sure they have factored in an acceptable default rate.
It is also a way for them to get their foot in the door; looking for customers willing to finance their next need/desire (New Fridge, tires, bike). 100% as soon as you use it you will be bombarded with all kinds of special offers and promotions
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Absolutely terrible. People will quickly max out their full credit line. It will be like a college kid with a credit card - having to cut back to get the below the limit so you can use it again .
I have NEVER used doordash or any other delivery service and never will.
Well, two things.
1) Waiting until 30 to get married. By the time the couple settles down they'll be 35 before they have their first child. Do you really want to be in your mid 50s when your first child graduates from high school?
2) Neither Sue or I went to college to find a spouse. We went there to get an education. We just happened to find each other along the way.
My advice is to choose wisely. You absolutely must like each other "as is". Never, ever choose someone you want to change into something they are not.
Scott
You have no idea...
Scott
That's Kyle in our suite. Kind of ironic the Door Dash advert right there in front.
Kyle's grandfather and I liked each other the moment we met.
Chad Knaus and I talked chassis setups for 10 or 15 minutes. Chad is the Adrian Newey of Nascar.
Tony looked like he had been hitting the gym, but he LOL'd at me when I told him that.
Richard Childress. Imagine your favorite uncle. That's him. What a nice guy!
Mikey was just like you see on television.
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Thats great! What track is that?
BNPL strikes me as a pretty dumb choice for something as ubiquitous as the need to eat.
OTOH, this may work well for some and it isn't for me nor anyone else to tell people how to manage their finances.
If they ask, then that's another matter, but people usually don't seek advice until they're barely treading water and are almost due to drown in debt.
OTOH, this may work well for some and it isn't for me nor anyone else to tell people how to manage their finances.
If they ask, then that's another matter, but people usually don't seek advice until they're barely treading water and are almost due to drown in debt.
Doordash etc has its value. It is not for me but I have seen and use it a few times for what I need.
1) Company meals so they don't have to deal with corp card abuse and labor to check it (time is money remember),
2) Ordering food from far away that is cheaper than where you are at locally like when I am in a tourist trap hotel and the food is cheaper to doordash from 10 miles away and better. Obviously if it is just downstair from my apartment building it makes no sense to doordash.
3) If I need to order something from opposite direction far away, or if I need to order say for 20 people, doordash or waiter.com would work well but not me driving all over with an empty trunk, etc.
About pay later: it is just like credit card loans but at a more focused type of meal. Some lenders would take that risk and package it as investment to sell to others. It might be cheaper than credit card debt, because it is probably lower risk (you can have a smaller credit limit), and it is probably better than credit card debt for customers and lenders alike.
Something to think about on cost and expense: when I am working overtime and company pays for my doordash, the woman deliver my meal has a kid in the backseat in a carseat. She is making a cut, she is making money while watching her kid (so she can't do uber, only food delivery), the company from far away making my meal is making money, my employer is making money because I'm working, I am making money because I don't have to take time off work to drive and get my meal or cook and then work overtime later. That's how economy should work: people provide value to the economy on what they can and let others doing it either better or cheaper.
1) Company meals so they don't have to deal with corp card abuse and labor to check it (time is money remember),
2) Ordering food from far away that is cheaper than where you are at locally like when I am in a tourist trap hotel and the food is cheaper to doordash from 10 miles away and better. Obviously if it is just downstair from my apartment building it makes no sense to doordash.
3) If I need to order something from opposite direction far away, or if I need to order say for 20 people, doordash or waiter.com would work well but not me driving all over with an empty trunk, etc.
About pay later: it is just like credit card loans but at a more focused type of meal. Some lenders would take that risk and package it as investment to sell to others. It might be cheaper than credit card debt, because it is probably lower risk (you can have a smaller credit limit), and it is probably better than credit card debt for customers and lenders alike.
Something to think about on cost and expense: when I am working overtime and company pays for my doordash, the woman deliver my meal has a kid in the backseat in a carseat. She is making a cut, she is making money while watching her kid (so she can't do uber, only food delivery), the company from far away making my meal is making money, my employer is making money because I'm working, I am making money because I don't have to take time off work to drive and get my meal or cook and then work overtime later. That's how economy should work: people provide value to the economy on what they can and let others doing it either better or cheaper.
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I believe in the law of large number. Subprime loans of all kind have been proven to make more money for lenders, and they are happy to lend you money as long as you don't lie on the applications. They know the statistics and they know the rewards is worth the risk.
Our 22yo shop hand doesn't drive. Bus to work. He regularly has lunch delivered because he doesn't make one at home and bring it. Probably the lowest paid employee we have, but has a lunch order 3-5 days/week. That $60-100 (CDN dollarettes, but still) weekly would add up to something in a hurry.
