Sunday, September 26, 2010

Buy now pay later


What’s it all about?

Buy now, pay later is a type of payment plan that is becoming more common amongst retailers as a way to compete with credit card companies. If you are eligible for a buy now, pay later plan for a big-ticket purchase, it can help spread the cost of the purchase over several months and often at a low interest rate or even interest-free if settled within a certain time frame.
An example of retailers in the UK who offer buy now, pay later plans include PC World, Littlewoods and Jessops. Each retailer has a different buy now, pay later plan which vary on the minimum purchase price required, interest-free period or other factors. If you are planning to purchase a big ticket item, it’s well worth taking the time to shop around and see if you are eligible for a buy now, pay later plan.