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475 points danielstocks | 1 comments | | HN request time: 0s | source
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speedgoose ◴[] No.27301406[source]
It will be an interesting post mortem if they make it public.
replies(1): >>27302598 #
kesor ◴[] No.27302598[source]
if they make it though alive ...
replies(1): >>27302756 #
fogihujy ◴[] No.27302756[source]
Let's hope not. They're deliberately trying to get people to take on debt rather than just do card payments, and even simple things like buying a book through a web site requires declining several offers for paying with credit.

Unfortunately, they're huge, and I doubt the Swedish authorities will do more than give them a fine and a slap on the wrist.

replies(2): >>27303051 #>>27303272 #
prestigious ◴[] No.27303051[source]
Card payments are usually debt also?
replies(2): >>27303226 #>>27303275 #
fogihujy ◴[] No.27303226[source]
Debit cards is more common in quite a few places. My impression has always been that paying everything with a credit card is a U.S. thing.

Here in Finland, It's not uncommon to have no debt apart from the mortage on one's home.

replies(3): >>27303691 #>>27305448 #>>27305536 #
hervature ◴[] No.27303691[source]
Mortgages are 70% of debt in the US. It is like saying I got perfect on a test except for the 70% I got wrong.
replies(2): >>27303861 #>>27312031 #
1. xmodem ◴[] No.27303861[source]
Not really. Mortgages are secured against the property, and attract low interest rates compared to unsecured debt like a credit card.