Buy now Pay later?

October 4, 2026 10:49am CST
I noticed this on Amazon and Ebay. A lot of loan apps (some even from China) are opening up this loan shark service. You buy stuff now and pay 20% interest and tenure can be 24-36 months and high interest rate. Do you take such loans? or taken before? I never did because I always buy things from whats left.
6 people like this
7 responses
Amber
@AmbiePam (129319)
• United States
10h
No way. I am not going to fall into that trap; it’s not worth it. I know people who have and it seems like a terrible idea.
1 person likes this
Mahesh
@clairvoyant (27)
•
10h
yes it moves in cycles and getting becomes difficult.
1 person likes this
Toni
@toniganzon (81711)
• Philippines
2h
No. Interest is 20%. I don't like buying something from a loaned money with interest.
Traceyjayne
@Traceyjayne (14210)
• United Kingdom
7h
I don’t do loans of any sort. If I can’t afford something then I don’t have it….easy as …..
John Roberts
@JohnRoberts (106577)
• Los Angeles, California
9h
Never had a loan in my life and never will.
Jim
@Ineeddentures (29998)
•
4h
I don't borrow money at all No buy now pay later. Just buy now pay now get now
Michael
@Wrexxo (8808)
•
8h
Nope, never taken one and I wouldn't. 20% interest over that long just makes the thing you bought cost way more than it should. Buying with what's left is the safest way, I think you're doing it right.
DE
@DaddyEvil (178905)
• United States
9h
I did once, years and years ago. But I paid it off with my next paycheck. They can be helpful if you only use it for a few days. Anything longer than that is ridiculous. Now, I don't buy things if I can't pay it off right then.