Quoted from freeplay3:I have a little knowledge on this subject. I had a retail store selling arcade games, pins, and general game room stuff. Opened in the 90s and we were constantly approached by these lending companies. It's the same financial companies that a lot of used car dealers, furniture stores, and appliance stores use. I never used them because my conscience would not let me sell a few thousand dollars in games to somebody who would need to use a predatory lender to pay for it. They way it would have worked is I get paid they handle the collection part. When I was younger and just starting out we got a furniture set on payments. Doing the math we realized the payments were lower then what was needed to pay off the loan at the end of 3 years of 0%. The fine print says if you don't pay off the balance in the 3 years it automatically adds all 3 years of interest on to the payoff. Real scumbag stuff.
Furniture stores were notorious for this.
