If you were to think interest-free repayment plans like Klarna, Laybuy or Clearpay appear too good to be true, you may be appropriate.
While theyвЂ™re perfect for getting away from short-term monetary shortfall, regular utilization of re re payment plans and payday advances may damage credit scores and avoid home loan applications from being qualified.
By Louisa Fletcher
Payday advances, short-term loans and the ones вЂbuy now, spend laterвЂ™ schemes all seem so safe, donвЂ™t they? Built to make an indulgent purchase just a little simpler to manage or provide a вЂhelping handвЂ™ to bridge the space between now as soon as you obtain your wage but need emergency funds to cover an urgent bill, they could appear to be the simple choice.