Well good thing you decided to check this out. I know what it feels to get scammed. Unfortunately some people learn the hard way, right? Well before you go on trying these offers left and right, because you have a low credit score, you should run it through my anti-scam check list.
Things You Will NeedA little patience for reading.
Step 1CHECK THE INTERESTS RATES FIRST!!!!!!!!! This is definitely the biggest issue with buy now pay later no credit check scams. You need to read the fine print. These people place those letters that small for a reason, so you don't read it because you are excited about the deal, and then sign quickly so they can say later "I got them".
Step 2Yes we all know about the hidden fees nowadays. There is one for everything you mess up. Show so much for customer service. Companies like this don't care about anything else than your money! Be sure to take out the glasses and a magnifying class if you can. Because there's always some kind of catch after you sign the dotted line. Is like they own you!
There may be fees to open the account, fees if you pay it off early, fees if you pay it off late, and fees simply for each purchase. It's not fair and you shouldn't be paying all these fees just because you messed up when you were in your 20's.
Step 3This has got to be the silliest fee ever. (Early Prepayment Fee) So if I pay it early you are going to charge me for wanting to settle the debt? What if I just never pay you? I already have bad credit why would I care.
If you can't pay it off for free, consider getting a free credit score and finding a traditional loan or credit card.
Step 4Research the company very well. Just make sure its a reputable company and look them up online to see if you can find some negative reviews. Most of the time you will, but read to see if there were more positives than negatives. Sometimes the consumer can be wrong.
That's pretty much everything I know about these scams just make sure you follow the list and in the bottom are my suggestions.
Tips & Warnings-Check your score every once in a while to check that it hasn't changed or has been hacked.
-Find out about how you can raise your credit score so you can avoid buy now pay later offers.
-Borrow money from a friend, grandparents, or anyone in the family close to you.
-Never give out your information if you feel that is not right.