If you’re considering using a buy now, pay later app, it can be difficult to know which one is right for you. After all, they all serve a similar purpose but have some wildly different features. Here are some questions to ask yourself when choosing a buy now, pay later app for you:
How is your credit history?
If you have poor credit, then you’re better off choosing a service that doesn’t require a credit check. In fact, you may be best served by a report with the credit bureaus to help you build your credit. Perpay is a prime example of such a service.
How much are you spending?
Each buy now, postpay app has its own spending limit, and for larger purchases you may be more limited in what you can use. Certain apps, such as Affirm, are specifically designed for larger purchases.
How fast can you pay off?
Some buy now, pay later apps only allow six-week payment terms, or charge interest on longer payment terms. Consider how long it takes you to pay for your purchase and whether you’ll be charged interest during that time.
Where are you shopping?
Each buy now, pay later app on our list is only accepted at certain retailers, so make sure to choose a service that is compatible with the retailers you plan to shop at.
