Recent economic downturns have caused many people to end up with bad credit, but buy now pay later options can allow for important purchases to help improve the quality of life. As the financial state of the country has been struggling with serious challenges, much of the public has resorted to loans and charge cards to solve everyday purchases. However, the inability to maintain regular payments, whether due to downsizing or lay-offs has caused a rise in poor ratings for many borrowers.
As this has occurred, the buying power of numerous consumers has declined. This has led to further instability in the retail business market. In an effort to encourage commerce, LutherSales has been helping customers with bad credit to buy now and pay later through responsible monthly financial plans that are based on work history and not credit scores.
Customer Oriented Business Model
Part of our business model has come from the realization that when individuals with bad credit use buy now pay later programs, it helps prospective buyers by answering the “affordability” challenge. Our financial and sales assistants help buyers with poor financial history to purchase responsibly. Buy now pay later programs are not loans or cash advances in the same way that charge cards or pay day loans are calculated. These contracts often do not consider past financial history for qualification. LutherSales is not basing financial agreements on bad credit, and buy now pay later is based on current earnings instead.
No More Credit Problems
One of the most common reasons for a poor credit rating is failure to make payments on the traditional lending agreements. This is one cause of bad credit, which LutherSales buy now pay later contracts can help overcome. Our methods of providing customers with products actually bypass the possibility of non-payment by setting up automatic withdrawals. The payments can be pulled either from a direct deposit account or directly from payroll. The result is reduced risk to the Company and assurance for the customer with bad credit that buy now pay later will not further harm their credit scores.
Buy Now Pay Later Plans Help Credit Scores
LutherSales really does have our customer’s best interest in mind. For individuals who have bad credit, buy now pay later agreements encourage people to purchase high quality furniture, computers, appliances, TVs, etc. by providing flexible monthly payment plans to fit any budget. This type of purchase also allows households to maintain a good standard of living. People can get the products they need in order to remain productive and comfortable. Removing the stigma of bad credit with buy now pay later options improves society’s wellbeing and encourages long-term economic stability.
