Question

Buying things in easy installments keeps you permanently in debt write down your points in favour and against the proposition......

Answer 1

An installment loan is one that you pay back in equal payments each month. Every payment includes partial repayment of the principle, with the rest going toward interest. Traditional installment loans such as car payments and mortgages that you pay on time each month can help improve your credit record. Small loans made through installment agreements, however, can get you into serious financial difficulties.
             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.