Why “Buy Now Pay Later” is Worse Than Credit Cards

I use bnpl with a credit card. Never paid any fees or interest😅 and to be fair, I only use it on $400+ purchases. Like why not? Just do your payments, and always pay off the credit card balance

Be a consoooooooomer guys!! Don't be a self sustainable farmer who participates in life!! Be dependent on the corpors!!!! BUY BUY BUY!!!!!!!

What if everyone saved there money and did not contribute much that would lower gdp and then what else would happen lol?

how the audio is in Hindi language ??? 😮😮

Its a great tool. I hate to spend my own money so ill spend theirs. You simply pay it in full. But what ive come to realize the world is heavily populated with imbeciles. So they are practically asking to be taken advantage of.

The problem isn't predatory capitalism trying to prey on me (working class) or the fact that it is allowed to exist trying to continuously make me fall for its debt traps or that the rules and laws are stacked in its favor to protect and make it grow. The problem isnt that me, wanting to participate in capitalism as a poor, needs to be able to spend money I dont have. General example, buy shoes or materials for a job. The gross capitalist mindset would say; work without shoes then until you can afford it. However you are liable any injuries or mistakes for not having the proper gear/materials. The problem isnt that now I cant afford hospitalization, and neither is the fact that I have to indebt myself to save my value as a worker, my only value to capitalism to produce more capital to survive or succeed. No, thats not the problem. The problem is me not wanting to live within my means and staying there. Thats the problem of the worker. They should learn their place.

Thank you for your advice and for looking out for others to avoid debt

Stop hating ppl gotta make money and ppl wanna spend their money period simple and a lot ppl can't put up the full amount with rent food electric miscellaneous things going on in this economy, I know those sites helped me out so how they make money is no concern of mine since every bzness is n the bnzness to Make money right🤔😂😂😂

Broke now broke later

The number 1 thing people are buying is clothing? If you can't afford to buy a shirt, you shouldn't be wearing that shirt....
There's A LOT of people going broke trying to look rich.

here in japan. there is a pay later platform “paydy”. rate is 0%. any downside? so far, i cant guess.

Correct!Charles Dickens covered the misery of debt in one of his books! ……….

People need to purify their hearts, and get the concept of just because u can make a money out of it, doesnt mean u should

For most cases, if you can’t afford it right now, can you really afford it?

PAT IS SO BLINDED BY HIS WEALTH HE DOESNT RECOGNIZE THE CORRUPT SYSTEM HE IS A PART OF.

In all honesty, he was a salesman, so he never really had a soul to begin with, and he believes taking advantage of people is OK because it’s “just capitalism“

This is what happens when capitalism gets sick, and right now capitalism has a horrible disease.

I mean, I use them. I only use it when i have more than enough money to, same with credit cards. I dont exactly see why it's an issue, it just makes purchases more comfortable for me.

I’m in a country where i can’t get credit card, so this BNPL schemes is so helpful for me. Things get tight but i never missed payments, because i for sure know how much i can afford and they all get pair the moment i received my monthly salary~

"The rich rule over the poor, and the borrower is slave to the lender" - Proverbs 22:7

My dad once told me to not just make any debt. Or you'll get trapped for the rest of your life.

That's probably one of the the best advice I got on my life

Great advice

I couldn’t agree more I’m in major debt. I just got a 120k a year job a couple months ago working 70 hours a week to pay it off, and just got laid off yesterday after pulling a 15 hour shift. Now it’s time to grind even harder to get myself out of debt. Appreciate the wisdom and knowledge one day we will sit down together. God bless everyone and may god watch over you all

This is the first video ive seen by this guy and i was very impressed!

That andrew jackson quote is crazy!!

Aren't we as a nation one of the biggest borrowers? Therefore we are the biggest slave world has ever seen.

None of the candidates are even touching this very pressing issue.

You guys in the USA are consumerist sheep and don't even realize it! Stop living to impress your Instagram followers!

Wow this video is antidebt motivation. I like that

BNPL & CREDIT CARDS ARE THE BEST THINGS IF YOU KNOW YOUR LIMITS, CAN CONTROL YOURSELF.....

OK but you never actually explained why its worse than credit cards.

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Jasmine Querida. I now make huge profits by weekly through his services while still learning to stand on my own

I use this and I don't have a credit card. I don't want to pay account fees or interest. I haven't missed a payment.

There can be pressure to meet timelines if you mismanage but if you make sure you have the money before you buy then its beneficial.

Im investing in my future if i cant meet a payment i could just liquidate the assets that I'm buying.

If you use it right it's very beneficial. If you don't then you pay the price...

This is why I use it but everyone entitled to their own opinion.

Well people are living pay check to pay check.. Easy to avoid debt when you already have the money 💰

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it, "I pray that anyone who reads this will be successful in life Assets that can make one successful in life

Lmao all the bots in the comment section going hardddd

Shiiiiiiidddd,I use it for tools. Works great cause I don't miss the payment 😂.I pay it off early and credit card I got offered wants 37% interest.

Everything is fine in moderation. Make responsible choices.

0% rate on small purchases that help me on my month to month? SIGN ME UP. SIGN ME UP 5000000 OVER, especially over credit cards which have always been worse or straight up decline me.

Crackhead payment plans.

I thought we abolished slavery

Wait, isn't the same thing as credit?

how is this different from any other debt?

I would outlaw Buy Now Pay Later, the consumer may is responsible, the state can still try to protect its people

Exactly what SNAPP and DIGIKALA are doing in Iran 🤌🏼

I use it for things i can easily afford purely for the convenience of not needing to chase a refund if I decide I don't want the item

It’s simple. Most people are bad at math. And most people if they’re chasing dopamine, the purchase makes them happy cheaper quickly, and then it’s a drag on their mind for months, which compels them to chase more purchase dopamine, and they likely will quickly exceed their means. It’s basically rewording RentACenter terms where it’s not rent to own but it basically is rent to own. Didn’t RAC have some hot water over doing basically the same thing 15 years ago when the market crashed and people realized they over rented

Whatever happened to “if I can’t afford then I can’t buy it”

Value Added

I save up and then spend it on a purchase using a credit card. If i know I can't afford it with available funds, I don't buy it. Simple.

I love buy now pay later

The financial intelligence of the average American is an F- ! :D LOL