Using Lay-by Instead of Credit to Get What You Want
Not too long ago lay-by was out of vogue and very few stores offered the service. Zipay, After Pay and other "take it and pay later" schemes hit consumers and became overnight sensations.
The downside to these credit schemes is that they make it very, very easy to over-spend, and fall behind in repayments. And while there may not be interest if you pay on time, the fees if you are late or miss payments are hefty.
As a resut, lay-by is making another comeback, and more and more stores are re-opening their lay-by counters. Lay-by items you want or need rather than buy them on credit (and yes, these take it home now, pay later schemes are credit). Even big ticket items such as fridges, lounge suites, televisions etc can be put on lay-by.
True, you will have to wait until it is paid for before you get the goods, but you will own it straight away, won't be paying for it forever and better still will only pay the actual cost price and a small lay-by fee (usually around $1) - no interest.
Lay-by is a good way to get items you need or want when they are on sale and you don't have the ready cash to buy them then and there. It's also a great way to "hide" Christmas and birthday presents when hiding spots at home are limited.
The downside to these credit schemes is that they make it very, very easy to over-spend, and fall behind in repayments. And while there may not be interest if you pay on time, the fees if you are late or miss payments are hefty.
As a resut, lay-by is making another comeback, and more and more stores are re-opening their lay-by counters. Lay-by items you want or need rather than buy them on credit (and yes, these take it home now, pay later schemes are credit). Even big ticket items such as fridges, lounge suites, televisions etc can be put on lay-by.
True, you will have to wait until it is paid for before you get the goods, but you will own it straight away, won't be paying for it forever and better still will only pay the actual cost price and a small lay-by fee (usually around $1) - no interest.
Lay-by is a good way to get items you need or want when they are on sale and you don't have the ready cash to buy them then and there. It's also a great way to "hide" Christmas and birthday presents when hiding spots at home are limited.
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