Disability pensioner charged $6,760 for renting a phone that retails for around $1,800 (www.abc.net.au)

submitted 1 year ago by vividspecter@lemm.ee to c/australia@aussie.zone

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[-] Tankiedesantski@hexbear.net 9 points 1 year ago

And you know that no information was deliberately obfuscated or hidden by the vendor? The vendor currently being sued by regulators for operating a business model "designed to avoid consumer protections for financially vulnerable consumers."?

Curious as to how you know this information. Do you have a copy of the court filings? Please feel free to share if you do.

[-] wahming@monyet.cc 1 points 1 year ago

You keep putting words in my mouth. Please share where I said anything like that.

[-] Tankiedesantski@hexbear.net 12 points 1 year ago* (last edited 1 year ago)

Actually I'll do one better. While you were deflecting, I found the court filings.

Not shockingly, one of the main causes of action against the defendant is that they are dressing up a credit contract as a lease agreement to avoid interest rate caps (Section 3.2) and disclosure requirements (Section 3.3) which you'll notice is exactly what I was talking about from the get go.

Damingly:

Let's see you use that calculator in your pocket to determine if you're getting a reasonable deal without being told the original price of the goods, the interest rate, and how the interest was calculated.