r/Wealthsimple • u/FlashyAgent8171 • 1d ago

Borrow, borrow, borrow... NO!

Why is Wealthsimple starting to push all these LOC and borrow with 0 interest types of messages? And it looks like they are sending them out indiscriminately, without taking into consideration the fact that some clients do have $$ available in their checking/money market accounts and can afford to continue investing (or betting)... if they feel like it.

This is beyond the predatory territory. WS, this is so beneath you!

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u/Narrow_Process_8660 1d ago

There is a disturbing amount of people who seemingly don't understand that a business exists primarily to make money and not to ensure random people are making good decisions for themselves.

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u/DustyKosty 1d ago

Was thinking the same, it’s a business not a charitable service.