MOSCOW, June 2. Recently, stores and marketplaces are increasingly offering goods in installments. This is nothing more than a veiled consumer loan, and this is the main disadvantage of the installment plan, economist and BitRiver Communications Director Andrei Loboda said in an interview with the Prime agency.
Regardless of who provided it, it is included in your credit history. “In case of delay, it will ruin this story in the same way as a loan that is not repaid on time. It also increases the debt burden, which may affect the banks’ approval of loans to you in the future,” he explained.
As a rule, installment plans involve hidden interest and insurance — after all, it is not issued by the store or marketplace itself, but by a partner bank who will not want to give up the benefits. Sometimes special conditions are required, for example, you must have a merchant bonus card. You can refuse them, but then instead of an installment plan you will have to take a regular loan with interest.
Thus, before being tempted by offers of an interest-free loan, you need to carefully weigh the pros and cons, Loboda concluded.< br />