Melanie Wegener
(A poem dedicated to the ever growing, ever dodgy, Buy Now, Pay Later schemes)
Buy now and pay later
might look quite harmless,
it’s only four payments,
it’s not a big excess.
It appears so simple,
nothing upfront to pay,
just click here to sign up,
it’s an easy, carefree way.
But stop! Buyer beware!
Don’t get suckered in,
small amounts add up,
it’s not a financial win.
Those who designed them
are quite sneaky, you see.
No charge (if you pay on time),
the seller gets a fee.
Once you buy a few items
it’s hard to keep track,
your pay comes in and then straight out,
and the debits start to stack.
Research shows that you’ll sign up
to more than one just scheme
trying to keep on top of these
can be impossible, it seems.
Once you’ve got your purchase,
and the shine has come off a bit,
it’s no longer as exciting,
yet you have to still pay for it.
AfterPay and the like
can affect your credit rating,
it robs from you your options
and financial future it starts taking.
So do yourself a favour,
avoid these like Covid.
Save up to buy what you want-
you’ll be really glad you did.
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