Afterpay

[Infsub]

Just a suggestion. Why don't you talk to the people at afterpay or even zip money about setting up their payment plans.
This would allow me to buy more kits more often.....win win win

[Zandit75]

I haven't looked into myself, but is there the same protections for both parties in the event of non payment/supply as there is with Paypal?

[teamjeffo]

Fantastic idea

[FrankenWashie]

oooooh this would be such a baaaaaad idea for me.....

[wazkelly]

oooooh this would be such a baaaaaad idea for me.....

From a lender's perspective they have an unfavourable opinion of zip money, etc as they believe it is an indication of hardship, same as pay day lenders like Nimble, and the use of such has a big negative impact when applying for larger loans for cars or houses.
Not criticising, just work in finance and sharing insider knowledge for others to be cautious using small loan facilities. Most times people are better off getting a credit card instead.

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[FrankenWashie]

From a lender's perspective they have an unfavourable opinion of zip money, etc as they believe it is an indication of hardship, same as pay day lenders like Nimble, and the use of such has a big negative impact when applying for larger loans for cars or houses.
Not criticising, just work in finance and sharing insider knowledge for others to be cautious using small loan facilities. Most times people are better off getting a credit card instead.

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Yeah, even if it were an option, I'm not sure that i would bother. its a little sad that use of a facility like nimble or Zip attracts a negative view from larger lenders. One would have thought that a simple loan like that, paid back in full on time should count as a positive unless it was happening on a monthly basis?

[wazkelly]

Yeah, even if it were an option, I'm not sure that i would bother. its a little sad that use of a facility like nimble or Zip attracts a negative view from larger lenders. One would have thought that a simple loan like that, paid back in full on time should count as a positive unless it was happening on a monthly basis?

I see so many young ones who use those and cash converters too not realising that it dramatically downgrades their ability to get car finance. Most do it because they don't have a credit card.

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[king casey]

. its a little sad that use of a facility like nimble or Zip attracts a negative view from larger lenders.

From personal experience, the only way I could get a loan from the bank was to prove that I didn't need it.
No wonder this hole appeared in the market.

cheers, Mark.

[wazkelly]

From personal experience, the only way I could get a loan from the bank was to prove that I didn't need it.
No wonder this hole appeared in the market.

cheers, Mark.

Sad but true.
We can all blame the Responsible Lending Act for most of this.

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[FrankenWashie]

I see so many young ones who use those and cash converters too not realising that it dramatically downgrades their ability to get car finance. Most do it because they don't have a credit card.

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Now there is something useful they could teach in high school economics....if only.