On your recent trip from the shopping mall you might have noticed some promotional materials telling shoppers that they can “buy now pay later”. This is a very attractive offer for people without immediate cash on hand but wants to avail of the service or product at once. The options available is very flexible for clients that wants to use this kind no credit check financing.
Buy now and pay later have a of reasons why it is very appealing. First the economy is down at the moment therefore very few people have cash in their hand or in the banks. Dealing with day to day expense is already difficult. How will they be able to purchase a product or service that is $300 and above? With the buy now pay later scheme you don’t have to pay anything at the moment.
What if you have an existing loan and is really down with finance but you really wanted to buy something. This is where no credit check financing shines best. They don’t care whatever your credit history is. They will help you buy the product immediately. Large businesses usually have in-house financing while small businesses use merchant services.
The usual requirements for this kinds of financing are the basic information, an existing bank account and a job or source of income to prove that you can pay it back. They don’t care about your credit score. They will do check your phone number to see if it works.
With just a few moments your application can be approved. These financing schemes usually give you about 3 months before you can start paying them back. By then, the lenders assume that you have money which you can use to repay.
Keep in mind the date which you need to pay. Ask for notifications via email or mail when you need to pay them because 3 months is a long time. You might even forget that the item you have been using everyday in your home is still not paid because of the time that has passed.