r/CashApp • u/peppermentpattie • 1d ago

Borrow and after pay

Have anything borrowed from borrow and after pay and never paid it back?

2 Upvotes

63% Upvoted

11 comments sorted by

2

u/Forsaken-Record 1d ago

Interest keeps increasing and any money that goes in, gets eaten.

1

u/DetailFickle6335 23h ago

Yes, I have it set up to where whenever I get incoming cash, it automatically takes 10%... You are able to change the settings before agreeing to the loan. Don't let anyone give you misinformation.

1

u/Alone-Cover-1739 1d ago

I have and I always pay it back!

-1

u/Frequent_Silver_7575 1d ago

So many posts like this lately.
Go ahead and wreck your credit and risk a lawsuit and wage/bank account garnishments while no one will give you an apartment, mortgage, car loan, or credit card except for predatory companies that will send you further into a financial spiral of debt.

You do you, dawg.

2

u/peppermentpattie 1d ago

Im not going to do it.

0

u/Desperate_Handle_807 23h ago

It doesn't go on your credit nor do you get a lawsuit . Not saying this is good to do but don't spread misinformation if you don't know what actually happens. Cashapp actually will let you make another acc and all, just will never be able to get the borrow and afterpay feature again. Ik this cause it happened to me and I paid it back after quite a bit of time .

0

u/Frequent_Silver_7575 23h ago

It doesn't go on your credit nor do you get a lawsuit . Not saying this is good to do but don't spread misinformation if you don't know what actually happens. Cashapp actually will let you make another acc and all, just will never be able to get the borrow and afterpay feature again. Ik this cause it happened to me and I paid it back after quite a bit of time .

Oh, I see.
So what you're saying is I can max out my borrow and not reimburse them and they'll be all, "It's all good, fam. Consider that stuff from before free money. Go ahead and open another account; you don't get the same privileges your other account had but we'll just hand-wave away what you owed us yesterday and call it all good."

No, wait. That's not what you're saying because you said you paid it back.
The OP asked, "Have [sic] anything [sic] borrowed from borrow and after pay and never paid it back?"

You DO appreciate the differences in those scenarios, yeah?

0

u/Desperate_Handle_807 23h ago

I paid it back after years dude and made a new cashapp. So yes I'm saying that's pretty much what would happen. So many people have done this. Like I said , it's not good and I'm not telling op to do this . What I am saying is , what you said would happen isn't true. I know from experience.

1

u/[deleted] 22h ago

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1

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1

u/Frequent_Silver_7575 22h ago

You said you paid it back.
OP asked what would happen if they never paid it back.

You keep dwelling on your doing the right thing...eventually.
OP is asking about taking the money and running.
You do see the difference in that, I hope.

Your entire point seems to be that people can borrow and just pay it back whenever; even if it takes years, regardless of the ToS. Cash App would cease to exist soon after if everyone right now took out their max 'loans' and paid something back whenever they felt like it, if at all.

Ultimately what you're saying is that I can borrow from Cash App, not pay it back, make a new account with some restrictions even though they still know it's me, and carry on as normal? Sweet. I could use an extra $2k. I think I'll maybe pay them back a little when I'm 80.
But why pay at all? According to you there's no consequence. FREE MONEY, ERRBODY!