Wilson PonWould You Fall In The Sweet Trap “Buy Now Pay Later” Deals?
July 16th 2009 08:37
The unique tactic “Buy Now Pay Later” has becoming a new trend, especially in this economic downturn moment.
In order to attract more customers shopping in the shops, many shop owners have used the “Buy Now Pay Later” deal. To be honest, the tactic seems to be worked, as there was a rise up to 24% in March compared with the same month in 2008!
The Finance and Leasing Association (FLA) said that over £5.1bn was lent by its members in the United Kingdom. They also mentioned that unsecured loans were dipped more than a third annually.
However, they’ve pointed out that the “Buy Now Pay Later” deal is not the best method to overcome the recently financial depression.
In order to attract more customers shopping in the shops, many shop owners have used the “Buy Now Pay Later” deal. To be honest, the tactic seems to be worked, as there was a rise up to 24% in March compared with the same month in 2008!
The Finance and Leasing Association (FLA) said that over £5.1bn was lent by its members in the United Kingdom. They also mentioned that unsecured loans were dipped more than a third annually.
However, they’ve pointed out that the “Buy Now Pay Later” deal is not the best method to overcome the recently financial depression.
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