Many people have a hard time when it comes to financial discipline. Some are constantly spending such that by the end of the month, and they have no savings. Some also fail to be accountable for the cash they have used. It is no wonder there are a lot of services that have come up to help people plan their finances. Among those services is the buy now, pay later services. Unlike credit cards, these services have gained fast popularity as they do not demand extra or late fees demanded by credit cards. However, most buy now, pay later services are only integrated to be sued in specific stores.
Zilch is among the buy now pay later services. However, unlike most of these services, Zilch offers its users convenience since it can be used at any checkout, whether online or an outlet, provided it accepts the use of Mastercard.
When you use Zilch services for payment, you get to pay only 25% of the product or service price upfront. The rest of the 75% is spread throughout six weeks. You are, however, expected to make the three payments after every two weeks until the end of the 6week period. Also, you can make more than three payments to fasten your payment process or pay even less but at a higher frequency.
Zilch services allow you to spend responsibly. When registering to be the service user, your soft credit check is among the things they check for in your information. Unlike other financial institutions that check to determine whether you are eligible for their loans, the service checks to provide you with the maximum amount you can spend. The best thing about this service is that early payment makes you eligible for an even bigger maximum spend. Besides, the available spend awarded is that which is paid in 4.
Original source to learn more: https://www.payzilch.com/zilch-clothes-buy-now-pay-later/