Buy Now Pay Later

JJ7

Hi, could someone please give me some advice? If you buy something (buy now pay later) and are then unable to pay for it what are your options? I'm asking this for a friend so can't give any more details.

Any help much appreciated.

ebsay2000

He/She would just have to offer the Company 'token' monthly payments.........which obviously they wouldnt like, and they would probably write scarey letters and make demanding phone calls. They may, it seems in rare cases, take the person to court.

But, if for example a person knows they cant afford the payment now............let alone in 10 months time or whenever the buy now pay later offer might be..........it could be argued that its morrally wrong to go ahead with the purchase? ........... But hey who knows? The company offering it certainly doesnt.

Ofcourse if the person we are talking about, was to go bankrupt....................The Offical Receiver probably wouldnt look favourably at them taking out another debt, when the person involved knew very well they could never pay for it!

But then the way ive understood it......... all the Official receiver can do is make you continue with repayments and make sure the bankruptcy lasts up to 15 years instead of the normal 5!

If ive got this wrong .............please somebody correct me!

Ames

I'd imagine they can repossess, if nothing's been paid towards it.

ElizabethJH

I read on another post where someone was offered a high interest loan on the amount they owed by the company. I think the only way to find out is to speak to the company.