Question

Buying things by instalments keeps u permanently in debt .u r favour/against of buying?

Answer 1

Instalment scheme is a business scheme which enables a person to buy costly goods in convenient parts of payment. In favor :- There are many advantages of instalments. Instalment scheme helps the low income persons to buy costly goods. The customers had to pay only a little amount of money at the time of purchase and the rest of the amount is paid in several parts over a period of time. When the person pays off all the instalments he is out of debt and he is the official owner of that good. In against of:- At the time of purchase the customer doesn't pay additional charges but during the instalments they have to pay additional charges in form of interest. They face many financial problems. To pay these instalments they borrow money from money lenders and in this way they keep taking loans and fall in debt. Hence instalments keeps a person completely in debt.

Answer 2

ya buying things in instalments keeps us permanently in debt.
against: if we buy the things in instalments it is not so safe as we think.
we may not have satisfaction on that thing that we brought it in instalment
and we also have some kind of tension or stress or pressure from the banks
.at some situations we may not pay the amount the given time then the banks take our property and there will be so many difficult situations to faced later.
so hence i conclude saying buying things in instalments completely keeps us in debt.so henceforth am against of it.