To think you shouldn’t be able to finance a Domino’s?

[JCFJW]

mobile.twitter.com/TerribleFinance/status/1454111428139528194

I’ve also seen the same company advertising finance for Asda pizzas, literally.

AIBU to think this sets a terrible precedent? I can easily see students etc quickly racking up the debt from the service. Rather than learning how to cook cheaply from scratch some will just use this.

Finance of course does have its place for many things such as cars and appliances. But for a fucking pizza? I can just about accept maybe financing for a Domino’s (for example your child’s birthday falls just before payday and they want pizza with their friends and you’re skint but don’t want them to miss out) but I find the option to finance a pizza from Asda especially tragic.

And no, it’s not me being a snob. I’m completely skint. That’s why it bothers me because I think people will end up racking up the debt quickly with it.

They probably charge the retailers who offer it as a payment option

I use klarna a lot for online clothes shopping.
Loads of things I order end up going back (it’s usually for dd) it means I don’t have to wait ages for a refund for stuff I send back.
There is an option to pay early, which I do if I’m keeping the stuff.
There is no interest & I think they only do a soft credit search.

@PivotPivotPivottt I am on a low income paid weekly so it's easier for me to pay £10 a fortnight rather than £40 upfront. but that’s not logical. Why not just keep £10 fir four weeks then buy a coat for £40 or less with more options available like eBay, charity shops, markets, shops that don’t accept BNPL.

If this is true then I think it’s ridiculous actually. There’s no way people should be getting finance for…PIZZA?! I mean seriously….this is so irresponsible.

Klarna IMO is really good. I’ve been using it 4 years. No interest and it’s monthly. No hard credit search or anything. I wouldn’t be buying pizza though.

Soon we'll have supermarket Klarna, so we really can owe our soul to the company store.

[quote MyDcAreMarvel]**@PivotPivotPivottt* I am on a low income paid weekly so it's easier for me to pay £10 a fortnight rather than £40 upfront.* but that’s not logical. Why not just keep £10 fir four weeks then buy a coat for £40 or less with more options available like eBay, charity shops, markets, shops that don’t accept BNPL.[/quote]
Look at it another way. This morning your child went to school in a perfectly good coat, they come home with it damages beyond repair or wear.
You have the option of short term, zero interest credit & can order a coat to be delivered tomorrow or you can make the child go cold for 4 weeks while you save up for the same coat.
There is of course the eBay/charity shop option - if you can find the colour & size you need, but you won’t get it as quickly & it usually can’t be returned if it’s wrong.

Totally agree. I ordered some cleanser from amazon today. Something like 12 quid.lo and behold same thing 4 pounds over 3 months! Wtf. Can understand Something more expensive but wow!

That’s really bad. It would be so easy for someone to get into a huge amount of debit without even realising it.

@nancy75.

That’s why I said finance does have its place for some things. But a Domino’s takeaway? It’s simply not the case that somebody’s kid will go hungry because they chose not to finance a Domino’s. If a kid is going hungry it’s a much more complex issue than that and the parent should be looking at how to feed their child sustainably and not go into debt to get them a Domino’s one night.

@liveforsummer

If it wasn't for clear pay/Laybuy etc I'd not be able to buy clothes or shoes for dc. They are interest free and a huge help by spreading the cost. Klarna must be different as it's over less weeks yet I get refused every time. I'd not use it for pizza now but I guess if I was a hungry student I might

Clothes and shoes is one thing, and it’s been going on for years with catalogues. But not pizza.

@JCFJW, I’m not defending the dominos, more urging the other poster to realise that sometimes saving up for 4 weeks for a coat isn’t the best option available.

I think the whole system is broken. I didn't own new clothes at all until I was an adult as my parents couldn't afford it. Elder siblings got second hand and younger ones had those passed down.

There such a culture now of people 'needing' things they can't afford.

[quote MyDcAreMarvel]**@PivotPivotPivottt* I am on a low income paid weekly so it's easier for me to pay £10 a fortnight rather than £40 upfront.* but that’s not logical. Why not just keep £10 fir four weeks then buy a coat for £40 or less with more options available like eBay, charity shops, markets, shops that don’t accept BNPL.[/quote]
4 weeks is a long time to wait when it's cold - not everyone has decent charity ships around, eBay you might get a coat for a tenner then pay a fiver postage wait a week for it to be delivered only to find it not on the condition it's advertised. Market goods can be poor quality whereas a decent coat will keep you/dc warmer and last longer. Marketplace/gumtree is only any good if you can get to where the seller is easily and then you have to hope they have the coat you want in the right size etc ...

*I want a holiday to the Maldives, should I be able to have that too?
*

If you can afford the 6 instalments there is no problem surely booking a holiday on Laybuy?

@liveforsummer 4 weeks is a long time to wait when it's cold
It’s cold every winter in the UK from Nov-March. How about the purchaser saves up £10/month from may-august then in sept they can buy a coat ready for when it’s cold? In that time period they will almost certainly have passed a charity shop or had the time to check out eBay, win a bid on eBay AND wait for the delivery of the coat…..and still have a coat in time for cold weather and possibly an extra £30. The only reason they’d need a coat NOW is because they’ve lost the only coat they have in the middle of winter and have no friends from which they could borrow one.

It's interest free though, right? I'm not saying it's a sensible idea for your weekly takeaway, but people aren't generally going to be racking up debt with something like this.

It would be very stupid to use this for a regular meal, but I could see it being useful for a low-income parent wanting to throw their child a pizza party, for instance.

May - august people are probably putting money away for school uniform instead. If it's interest free though there isn't really any difference between paying the £10 each week or putting it away. For me I have the money come out on a Monday when my tax credits go on then I have the item and have no choice but to manage on what's left until it's paid off. If I try to save there is always something and it never actually gets saved. I'm sure it's nice to be in a position where you can easily put away £10 pw but read some of the other threads on here about life in poverty and hopefully you might begin to understand 🙄

In the real world people can’t just have everything they want. The older generations seem to know this but the social media generation do it (i class myself as the latter btw)

In the real world people have been buying things from catalogues, using store cards or credit cards for years & years. The only difference is in the past those credit options charged loads of interest. .

I agree, OP. YANBU.

I want a holiday to the Maldives, should I be able to have that too?

Before the internet it used to be totally standard to go in to a travel agent and book a holiday with a small deposit then pay it up over the next year. If anything the 'older generations' did it more as it's less of an option now with the way we book holidays these days.

I want a holiday to the Maldives, should I be able to have that too?

Of course you should be able to have that if you can afford the instalments.

When we go abroad I book through "OnTheBeach" and they allow you to pay in instalments. A deposit to secure your booking, then monthly payments which mean the total is paid off two weeks before you fly.

Why is that a problem, exactly? It used to happen all the time when holidays were booked in travel agents. I remember my mum having to go into town on Saturday mornings to pay off the next payment for our holidays to see family in Australia.

@icedcoffees

I want a holiday to the Maldives, should I be able to have that too?

Of course you should be able to have that if you can afford the instalments.

When we go abroad I book through "OnTheBeach" and they allow you to pay in instalments. A deposit to secure your booking, then monthly payments which mean the total is paid off two weeks before you fly.

Why is that a problem, exactly? It used to happen all the time when holidays were booked in travel agents. I remember my mum having to go into town on Saturday mornings to pay off the next payment for our holidays to see family in Australia.

If your having to finance a takeaway your are on a slippery slope. Look at the wider picture chances are you will be financing multiple items if you don't have the money for a pizza!

It simple poor money management.