I read through this and I just want to put my 2 cents in.
I am in that "younger population" and I totally agree with every single person out there that says we are reckless with our money. However I see a positive to this as well as a negative.
Positive: Most "younger generationers" (yes i just made that up) have no idea what credit is or how to get it. This program allows them to build this type of credit through purchases they would have already of bought. Now with that in mind, responsibilities come into play. If this younger person wants to pretend they can afford 3000$ worth of product and pay it off within a reasonable amount of time thats on them, not on MD.
Negative: I have my own credit card and am very good with my money. However, whenever anything new or improved comes out I jump at it like its nothing. That's what this payment plan is going to do. It will grab hold of those impulse buyers, send a ton of people into debt and ultimately turn people away from the hobby.
Now with all this being said, MD didn't implement this thinking they are going to pull one over on us. They put it up to try to help the public in anyway shape or form. Maybe someone needs a new apex system but cant afford it at this second, maybe their return pump just crapped out on them and they need it asap.
Again, its just my 2 cents. I agree its a bad idea for people to use but this post is great information to keep the people away from it but again they didn't use this viciously it was meant to help. Its kinda like the McRib at Mcdonalds, its so good that second until you see it go right to your rump the next morning and you regret it.
I am in that "younger population" and I totally agree with every single person out there that says we are reckless with our money. However I see a positive to this as well as a negative.
Positive: Most "younger generationers" (yes i just made that up) have no idea what credit is or how to get it. This program allows them to build this type of credit through purchases they would have already of bought. Now with that in mind, responsibilities come into play. If this younger person wants to pretend they can afford 3000$ worth of product and pay it off within a reasonable amount of time thats on them, not on MD.
Negative: I have my own credit card and am very good with my money. However, whenever anything new or improved comes out I jump at it like its nothing. That's what this payment plan is going to do. It will grab hold of those impulse buyers, send a ton of people into debt and ultimately turn people away from the hobby.
Now with all this being said, MD didn't implement this thinking they are going to pull one over on us. They put it up to try to help the public in anyway shape or form. Maybe someone needs a new apex system but cant afford it at this second, maybe their return pump just crapped out on them and they need it asap.
Again, its just my 2 cents. I agree its a bad idea for people to use but this post is great information to keep the people away from it but again they didn't use this viciously it was meant to help. Its kinda like the McRib at Mcdonalds, its so good that second until you see it go right to your rump the next morning and you regret it.