Quote:
Originally Posted by joglynne
Glad you realised in time to avoid being fleeced by these people.
Regardless of the company involved 'Buy now - Pay later' offers have, IMHO, always resulted in a person paying more than they either needed to, or expected, as the companies that make this kind of offer are not doing it out of the goodness of their hearts but in order to increase their profit margins and wouldn't delay getting their money unless there was a good financial incentive in it for them.
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The company doesn't have any delay in getting their money. They are getting it from the finance company which is running the buy now pay later scheme. I've bought sofas, TVs, doors and windows this way and have never paid more than I needed to as I always ensured it was paid off before the term expired.
Of course they do make their money by hoping the person is not able to pay it off in that time then that person has to pay interest.