Why are “buy now pay later” loans for small purchases so brilliant? So I am walking through a store and see something that I want but I know I don’t have the money to pay for it. So they offer a buy now pay later loan of 4 payments. So now I can divide the amount in 4th and tell myself I can afford it now. But can you really afford it now, the answer is HELL NO you can’t.
The Brillant Destruction of Credit
These loans take advantage of us so that we convince ourselves that we can. We let ourselves become victims to these mind games. Also, as our society becomes more of a “me first society” we also convince ourselves that we deserve it and this is one way we can afford it. But as we take on more of these loans and go into more debt we become more dependent on bad debt to see us through things.
We are becoming a prisoner of own debt because of our desires of things that we convince ourselves we deserve.