DoorDash, a popular food delivery app, is now offering customers the option to finance their fast food purchases. This move has drawn criticism from Texas financial strategist Bill Dendy, who argues that it targets individuals with poor credit. Dendy emphasizes that if someone needs to finance a burrito, it might be time to reevaluate their spending habits and make necessary changes.
The introduction of this payment option comes at a time when the nation's debt levels are rising. According to the latest report from the Federal Reserve Bank of New York, there is an increase in debt across the country. Additionally, the number of car buyers who are seriously delinquent on their auto loans has reached a 14-year high.
Dendy's concerns highlight the broader issue of financial responsibility and the potential risks of financing everyday purchases. As the economy faces challenges, experts like Dendy urge consumers to be cautious about taking on unnecessary debt.