Interest...It's Nice When It's Yours
I went to the mall for more pens and paper...and returned with a new laptop. Definitely not what I planned but I passed by the Best Buy Store and culdn't resist.
Due to unfortunate circumstances my former laptop is n longer with us and that is about as inconveniencing as having no car in a rural area.
Well, buying a laptop would have been a considerable bump in the budge BUT Best Buy has this awesome plan I never knew about called 18 month financing where you can spread your payments over an 18 month period. That's really nothing new, but the BEST part about it was that it was INTEREST FREE. They basically let me take out a loan that I didn't have to pay extra on. After hearing that extremely good news and making that very cool transaction I wondered how mch better the world would be if we didn't have to pay interest on a lot of other things like home mortgage, car loans, business loans, college loans, or any other of these expenses that mos of us need at one point or the other. How god owuld it feel to simply pay for what you bought instead of having to get stuck for that little extra? At the very least I wondered about all those people in debt and how much better hey would be if they only had to concentrate on returning what they owe instead of interest hawking off their situation.
I understand interest is a protection from loses but in a way it seems unfair that everyone has to pay interest. If I ran a business such as the trucking industry, h possibility that something might happen to my truck and the contents inside is a risk of the business. Having the companies who purchase my services pay for that risk would never fly in any deal. But loaners have somehow made it legal )if it is) to have the creditee assume the risk of he business by paying interest. How does the loaner make money, then? NOT OFF US UNFAIRLY. A fair business model is that it use the money we lend it (I bet you never considered yourself as lenders to the bank) o invest in other businesses. Businesses would have the option of acceping a loan with or without interest (they most likely would) and that is how they make their money. Plus, for the loss part, in terms of individuals, it would be better that in the terms of the agreement interest is not paid unless the creditee defaults on a payment or some deal-breaking term of the contrat at which point they would have the right to demand interest on the loss or inconveniences that come about.
I think that wouldd be fair...but then again, I am biased toward my own position, lol.
Either way, I am happy I got a computer, happy saved with such a great deal, and generally found the whole affair a noteworthy example of customer care that I had to share.
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