Good-Guy
VIP Contributor
There are many people who shop online. They tend to purchase products and they may also be required to pay for those products online. In the recent times, many "Buy Now, Pay Later services have gained a lot of recognition.
These services are targeted towards customers who may not have enough money to purchase products and this is why such kind of services may be created for such people. However, there are many things that people must note about such kind of services. Just because a service has been created to supposedly "facilitate" people, it does not mean that it is beneficial for people. What many people do not realise is the fact that these services also come at cost and they are not as good as they may sound. When you try to avail the "Buy Now, Pay Later" services, you have to pay heavy interest money.
This is one of the biggest disadvantages of such kind of services. People should always avoid interest under all circumstances. Interest is a very bad thing. It destroys the economy and it makes poor poorer and the rich much richer. Obviously not all the people could afford to do so and this may damage their credit history as a result of that.
These services are targeted towards customers who may not have enough money to purchase products and this is why such kind of services may be created for such people. However, there are many things that people must note about such kind of services. Just because a service has been created to supposedly "facilitate" people, it does not mean that it is beneficial for people. What many people do not realise is the fact that these services also come at cost and they are not as good as they may sound. When you try to avail the "Buy Now, Pay Later" services, you have to pay heavy interest money.
This is one of the biggest disadvantages of such kind of services. People should always avoid interest under all circumstances. Interest is a very bad thing. It destroys the economy and it makes poor poorer and the rich much richer. Obviously not all the people could afford to do so and this may damage their credit history as a result of that.