Former….
On the other extreme,,, think about cheap items that are financed.. People who use credit cards to buy everything, including groceries.

They have no idea what they are actually paying in the long run for anything that they buy.

There should be NO home lenders and NO credit cards. Only buy what you have cash for. Home prices would drop real fast.

Life was simpler when there were no credit cards.
There has always been credit though.

I wonder who Adam and Eve borrowed from…..