Are there any hidden fees in “buy now, pay later”?
Hi guys! I have a question for you guys. I see ads everywhere . It sounds too good to be true. Is it really worth it? Are there any hidden fees or risks I should be aware of?
Some providers do charge late repayment fees, but if you ensure you never miss a payment, using BNPL shouldn’t ever cost you a penny. While the idea of spreading your costs for free over a number of weeks might seem like a good one, make sure you’ve always got a plan in place for repaying what you owe.
I’ve used buy now, pay later a few times and it’s been great for me! You enjoy the purchase immediately and pay for it in manageable installments over time. Just read the fine print carefully and keep track of when payments are due to avoid late payment penalties.
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