Re:The 'Buy Now, Pay Later' Bubble Is About to Burst
by e63f67dd-065b on Friday January 13, 2023 @11:09AM
(#34369741)
> The only time that it may makes sense to pay installments if if the interests are really 0% and you have lots saved anyway. At that point..why not improve one's credit score anyway.
BNPL providers typically provide 0% interest rates for longer that credit cards, which have 0% interest for anywhere from 3wks to 7wks (depending on when your statement closes relative to when the transaction settles).
You may not have one tomorrow.
You may lose your job.
You may go through a divorce.
Maybe you have to move for months because your house has been flooded.
You don't know what your tomorrow's financials look like.
The only time that it may makes sense to pay installments if if the interests are really 0% and you have lots saved anyway. At that point..why not improve one's credit score anyway.