BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -This can mean paying in full later or by instalments over a short period of time. Buying things in this way is the same as using a loan, even when no interest is charged. You might be offered a form of credit in department stores, car dealerships or online to pay for. goods and services.

Detailed explanation-2: -Buy Now, Pay Later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them over time with no interest. Using BNPL financing can be convenient for consumers, but there are some potential downsides to consider.

Detailed explanation-3: -Top reasons people use BNPL Easier payments, greater flexibility and saving on interest were among the top three reasons consumers chose to use a BNPL to finance their purchase in 2021.

Detailed explanation-4: -A credit agreement is a legally-binding contract documenting the terms of a loan agreement; it is made between a person or party borrowing money and a lender. A credit agreement is part of the process for securing many different types of loans, including mortgages, credit cards, auto loans, and others.