LayBuy is a Buy Now Pay Later service, allowing its consumers to spread the cost of any purchases over a fixed 6 weekly payment plan. This will be interest free, but you could incur charges if you miss any payments.
Clearpay is a Buy Now Pay Later service, allowing its consumers to spread the cost of any purchases over a fixed 6 weekly payment plan. This will be interest free, but you could incur charges if you miss any payments.
DivideBuy is a business that offer its customers the ability to Buy Now Pay Later (BNPL). Marketing themselves as allowing you to spread the cost of your purchases.
Zilch is a business that offer its customers the ability to Buy Now Pay Later (BNPL). Marketing themselves as allowing you to never miss out, a marketing strategy that has drawn significant criticism, they offer an interest free credit facility, only charging your fees if you miss a repayment.
Buy Now Pay Later providers are an ever growing presence when shopping online. One of the most common companies you will see is Klarna.
If used correctly, Store credit cards can help you to build your credit rating. This does mean that you will need to manage the account and pay at least the minimum payment consistentlly. If you are careful, many stores will also reward you with discounts and promotions etc.
Failing to pay your debts can affect your credit rating in the same way as missing a loan repayment or credit card payment.
With the so called ‘death of the high street’ and Coronavirus, there has never been a more troubling and challenging time for retail. What were once well established high street staples like Debenhams, BHS and Monsoon have found business so tough they have even had to close down. This can often mean that we find ourselves in a situation where we think we owe money to a business that has shut. What happens to our debt? Do I need to keep paying it off or will it simply be written off?
The answer to this question largely depends on whether you have signed a contract with a provider.
The answer to this question largely depends on whether you have signed a contract with a provider.
