humm: What is it and how does it work | RateCity

humm is a buy now, pay later platform that allows you to break down your purchases up to $30,000 into interest-free instalments spread over several months. However, not meeting the repayment schedule could see you hit with a late payment fee and could also hurt your credit rating.

What is Beforepay and what are the risks?

Beforepay is an app that allows salaried employees to borrow money and repay it from their next four pay cycles. Some may consider it to be a salary advance but it’s ultimately a loan that you’ll need to repay.

Afterpay vs Klarna: Which is a better service? | RateCity

Klarna and Afterpay are popular buy now, pay later (BNPL) services, but they offer different benefits. Learn more in this detailed comparison.

What is PayPal Pay in 4 and how does it differ from other BNPL services? | RateCity

PayPal Pay in 4 is a buy now, pay later (BNPL) service available to PayPal users for breaking down their shopping into smaller, interest-free instalments payable over six weeks. Unlike other BNPL services like Afterpay, Pay in 4 doesn't charge any late fees to users on missing a repayment, but it can report the default to credit bureaus.

Buy now, pay later vs. credit cards: which should you choose?

Whether you’re a young Australian looking for your best option to gain access to credit, or a long-time credit card user wondering what the fuss is about BNPL services, let’s explore the benefits and risks of both options.

How is Deferit different from other BNPL services?

Deferit is a buy now, pay later (BNPL) platform with a difference. Instead of facilitating retail purchases, it pays your bills on time while allowing you to pay them off in four equal fortnightly instalments without any interest. The service is available for a monthly subscription fee for months when there is an active bill.

Afterpay vs LatitudePay: what is the difference between the two BNPL services?

Both Afterpay and LatitudePay are popular buy now, pay later (BNPL) services, but they have different terms and conditions you should learn about before choosing either.

What is the difference between business and personal credit cards?

Whilst you can still use your personal credit card for business related transactions you may find that over time it will be easier to manage your personal and business purchases separately. Business credit cards generally have more features than a traditional credit card which enables the business to apply spending controls.

Can using a buy now pay later service hurt my financial health? | RateCity

Buy now pay later (BNPL) may appear as a more manageable way of buying big-ticket items, but you need to be aware of maintaining your credit score and overall financial health.

Do Buy Now Pay Later companies run a credit check?

Not all Buy Now Pay Later (BNPL) companies run a credit check when you sign up for memberships, and these checks may not always affect your credit score. However, your BNPL activity could still make an impact on your credit history, which could affect your chances of seeing future credit applications approved.