this post was submitted on 16 Nov 2023
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[–] [email protected] 9 points 1 year ago (1 children)

And you know that no information was deliberately obfuscated or hidden by the vendor? The vendor currently being sued by regulators for operating a business model "designed to avoid consumer protections for financially vulnerable consumers."?

Curious as to how you know this information. Do you have a copy of the court filings? Please feel free to share if you do.

[–] [email protected] 1 points 1 year ago (1 children)

You keep putting words in my mouth. Please share where I said anything like that.

[–] [email protected] 12 points 1 year ago* (last edited 1 year ago) (1 children)

Actually I'll do one better. While you were deflecting, I found the court filings.

Not shockingly, one of the main causes of action against the defendant is that they are dressing up a credit contract as a lease agreement to avoid interest rate caps (Section 3.2) and disclosure requirements (Section 3.3) which you'll notice is exactly what I was talking about from the get go.

Damingly:

Let's see you use that calculator in your pocket to determine if you're getting a reasonable deal without being told the original price of the goods, the interest rate, and how the interest was calculated.

[–] [email protected] 4 points 1 year ago (1 children)

Damn sure is strange they stopped responding after this comment thonk

[–] [email protected] 3 points 1 year ago (1 children)
[–] [email protected] 3 points 1 year ago

That's the happy ending.