• return2ozma@lemmy.worldOP
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    4 months ago

    You know a lot of those cash advance apps you can just revoke the ACH and delete your card from it. In their terms of service it literally says you are not obligated to pay it back. All those fintech companies.

    • xmunk@sh.itjust.works
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      4 months ago

      I don’t use them myself but I’d imagine most users aren’t aware of that loophole or are worried about their credit score.

      • Tramort@programming.dev
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        4 months ago

        It can’t affect your credit score, because it’s not a loan.

        If it was a loan they would be subject to ursery laws. But they don’t want to be. So you can default without penalty besides being hounded.

      • return2ozma@lemmy.worldOP
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        4 months ago

        Example, this one is for Empower…

        I’m not a lawyer or endorsing any of the activities but it spells it out in their terms you’re not obligated to pay it back.