Do’s and Don’ts of BNPL

Follow this to have a good credit history and ease of borrowing

Late payment may result in late fees which will damage your credit score, i.e, the ability to get a long term loan from the bank

Please follow these to avoid falling in debt trap while using BNPL –

Do not make expensive purchase while using BNPL. Only use BNPL for convenience and avoiding immediate payment
Do not use BNPL to purchase items that you might return. It would be complicated to send back a product brought online on BNPL option.
Do not make too many BNPL purchases. It is easy to lose track of multiple purchase. As a rule, make a minimum of two purchases at a time and plan to payback the credit.

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