3-Time Payment WITHOUT Fees: Here's Why It's a Scam!
Are you tempted by a purchase with a payment in 3 or 4 installments without charge?
It is true that more and more stores and websites offer this payment facility.
Paying in installments at no charge may seem like a good deal at first glance.
Especially since there is no need to fill out any paper and that the split payment is granted unconditionally, apart from having a bank card.
So should we succumb to this payment in installments without interest?
The answer is no ! Here's why it's a scam. Explanations:
Why is this a scam?
The 3X free of charge may seem handy when you see the offers in stores ...
The concern is that this type of payment makes you feel like you have more money than you actually have!
Why ? Because in fact you buy a product, but you only pay 1/3 of the total price.
If you don't have the full prize money in your account, you find yourself in short supply before you even know it.
And since you will continue to have some of the money in your bank account ...
... you will be tempted to keep spending that money, when in fact you don't have it anymore!
Pay in 3X free of charge is prohibited
Even if the 3X free of charge is not considered by law as a credit, because the loan term is less than 3 months ...
... the fact remains that it is exactly the same operation.
The only difference is that the 3X at no cost is on a shorter time.
I can even tell you that these formulas are the worst!
Why ? Because they give you the feeling, as long as the withdrawals have not passed, to remain the owner of the sum that has been loaned to you ...
You are therefore subconsciously or consciously tempted to spend this money, which makes you more easily overdraft.
Lastly, this type of payment also psychologically gets you used to taking loans.
And if you start taking consumer loans like revolving loans, your financial difficulties will only get worse ...
Conclusion
And there you have it, you now know why paying 3 times free of charge is a scam to avoid :-)
Another tip from large groups to make us spend more and more!
The best thing if you really want to buy a product is to postpone that purchase until you have the full amount in your account.
And when you go to checkout, always try to give preference to payment in cash!
At least you actually see your money coming out of your pocket, which makes it easier for you to see the amount.
How does the free 3X work?
For those who don't know how a free 3 or 4 installment payment works, here's how it works.
To take advantage of a payment in 3 or 4 installments free of charge, the expiry date of your bank card must be greater than 4 months.
Note that there is no file to open or supporting documents to provide, everything is done automatically during payment.
1. At checkout, you swipe your bank card as usual to purchase the product you want.
2. The price of your purchase is then cut in 3 or 4 times.
3. Each month from the date of purchase, an automatic refund is made to your credit card.
For example, if you buy a TV for € 300 from Fnac, you will have to pay the following amounts:
- 100 € the day of your purchase.
- 100 € in 30 days.
- € 100 in 60 days.
This payment facility is widely used both in physical stores and online.
It is notably available in the following stores: Fnac, Darty, IKEA, Leroy Merlin, Boulanger, Carrefour, Printemps, Castorama, Conforama, Cdiscount, Auchan, Amazon, Asos, Apple, Zalando, But, Rue du commerce, La Redoute, Leclerc , Opodo, etc.
Your turn...
And you, what do you think of the payment in 3 or 4 installments without charge? Tell us in the comments if you think it's a scam or if on the contrary if you use it often. We can't wait to hear from you!
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Also to discover:
Money Tip: Wait 2 Days Before Making a Purchase.
How to Save Money? 3 Tips for an Immediate Result.
