An expert spoke about the “pitfalls” of a popular format for paying for goods or services.
The so-called installment plan “without interest and overpayments” is actually a loan from a bank or other financial institution.
Economist Olga Daineko spoke about this in an interview with Sputnik radio.
Installment payments have all the characteristics of a credit product: penalties for late payment, an “interest-free return” period for the cost of the goods, the need to identify the buyer, and opening a credit account.
For violation of the terms of the agreement, consumers are subject to fines and penalties.
The expert noted that when applying for an installment plan, it is worth considering some nuances.
For example, a late payment affects your credit history. In this case, the penalty for a late payment may be higher than usual.
The economist advises to carefully read the terms of service before concluding an agreement.
Earlier, Russians were told that it would become cheaper even if prices on everything rose.
