Expert Bankruptcy & Debt Relief Insights

One of the most insidious processes of consumerism is that the desired commodity keeps reinventing itself and taunting consumers to keep chasing it. If you are old enough to remember the heady days of the first iPhone models, you eagerly anticipated the Apple keynote events every few months, when Steve Jobs and his coworkers would enthuse about the innovative features of the upcoming generation of Apple products. Every year, you bought a new iPhone; its features were so different from those of last year’s phone that you did not even feel the pain of the phone’s hefty price tag. Then the iPhone 6 arrived, and it was perfection; everything after that was a cash grab.

Even if you are a dyed-in-the-wool Mac and Android user, you are not immune to the allure of consumerism. You desire new cars and new cars just because they are new, even if your old car and old clothes are still perfectly good. The reason that people don’t buy shiny, new products anymore is that everyone is broke; we cannot even afford a loaf of bread from the supermarket. Of course, vendors are not going to buy that excuse; they will always come up with ways to convince you that you need the next big thing and that you can find a way to pay for it. If you are struggling with debt because you kept finding increasingly reckless ways to live beyond your means, contact an Oakland lawsuits, collections, and creditor harassment lawyer.

Luxury Brands Partner With Buy Now Pay Later Operations at the Consumer’s Expense

You know what they say. When people of below-average intelligence want evidence that the world is ending, they go to Facebook. When people of average intelligence want evidence that we are doomed, they go to TikTok, and when people of above-average intelligence want evidence that the human race is toast, we read The Atlantic.

A recent article in The Atlantic serves up the gloom and doom we have come to expect from it. It warns of cute debt, which is a new name for an old problem. The makers of consumer products have eagerly sought the patronage of young women since the rise of the shopping mall, but now that everyone is undeniably broke, they have resorted to new tactics. Buy now, pay later (BNPL) companies such as Klarna and Afterpay have partnered with luxury clothing brands and with airlines to market expensive items with BNPL payment plans to young women. This means that you no longer have to stop spending beyond your means just because your credit card is maxed out. The most dangerous thing about BNPL is that it does not require a credit check, but you can rack up late fees, and your account can go to collections.

Contact the Law Office of Melanie Tavare About Coping With BNPL Debt

A debt relief lawyer can help you if you are struggling to keep up with the installment payments on your BNPL purchases.  Contact the Law Office of Melanie Tavare in Oakland, California, or call (510)255-4646 for a case evaluation.