Hoola is a financial technology that allows you to enjoy ‘buy now pay later services. The repayment is in three equal installments within three months with no interest. Therefore, you can buy watch hoolah even if you do not have cash at the moment. Moreover, Hoolar empowers you and allows you to purchase items today, then responsibly repay, making you accountable for your purchase. You may consider the below tips when buying a watch using Hoola;
Spend Within Your Means
The allure of buy watch hoolah services is unmistakable. You can afford any watch available on the retailers shop online. Although it may sound nice, you will still require to repay the amount in full within the stipulated time limit. Therefore, ensure that you carefully budget even though you have easy access to credit. Reckless spending can make you buy items beyond your means and make it hard to make repayments. Since you know what you can afford, stick to your budget to avoid late payment fees.
Use Reward Credit Card
Hoola facilities allow you to use either debit or credit cards. However, although you can use your debit card, it is better to use a reward credit card. It will enable you to earn reward points, cashback, or miles on every purchase you make through Hoolah despite paying in installments. This advantage of using buy now pays later services compared to using interest installment plans offered by the banks. Besides, most banks charge additional processing fees depending on the transaction amount.
Consider Late Payment Fees
All is fine and dandy when you know how to handle your finances and repay the installments in full on time. However, buy now pay later services to have late payment fees, which you need to be mindful of before making that watch purchase. These fees are not visible on retailers’ sites, although you can find them on FAQ or Help sections. Therefore, it will be better to purchase an item that will be within your budget so that you can pay with ease and avoid late payment fees.
Finally, when using Hoola, it is good to be savvy with your money. The services will be the best if you understand the tips and tricks of using the facility to your advantage. Furthermore, they are free when you pay up your installments on time. Thus, avoid missing your payments by ensuring you have enough money in your account if using a debit card that will deduct automatically on the payment due date. Also, you need to pay your credit card bills to avoid hefty interest charges and late fees.
