It’s your mom’s birthday and you’re all about giving your perfect woman the perfect gift. Whoops! Your fingers slipped and you clicked on a gorgeous pair of diamond earrings that are perfect on your favorite jewelry app — but also $300.
You’re annoyed because those diamond earrings seem like an impossible buy at the moment. But don’t worry, we’ve got you covered. Cash Now Pay Later by Line (or CNPL that the cool kids would like to call it) services are becoming more and more popular.
Yes, it is exactly as it sounds. With Line’s Cash Now Pay Later you have access to cash as and when you need it. You can get cash anywhere between $10 and $1000. You can now buy mum that earring you wanted to gift her.
How does Cash Now Pay Later work?
You simply sign up for an account with Line, it’s no biggie. You won’t even need a credit check. No kidding! When you avail CNPL with Line it won’t impact your overall credit score as well.
You get the cash and pay when you can, you’ll see an option to pay in installments we might add. Once you subscribe to Line you’ll see what plans are available to you and a breakdown of what your payment plan will look like.
The payback plan is easy and you’ll be able to set up automatic payments so you know what will be taken out of your account each pay period.
What are the upsides to Cash Now Pay Later?
Unlike BNPL, CNPL has the advantage of getting cash in hand, when you need it most. Rather than having access to buying options which is the case with BNPL.
So, here’s how it works.
You get cash for your need of the hour, and then you get to go easy on your wallet by spacing out payments. You are entitled to a fixed repayment schedule over the course of a few months. Do you know what that means? Your paydays won’t take as much of a hit because your repayment plans are customized to suit your needs.
Basically, it’s a subscription service, like your Spotify and Netflix accounts. When you subscribe to Line you subscribe to money and you receive your cash almost immediately.
So can I ball out and buy everything now?
Maybe not everything, but you can buy whatever you want that fits your budget. Want to know how and where you can spend your cash? Here is your answer on the dos and don’ts of Cash Now Pay Later.
I’m sorry, what was that about my credit score again?
You can avail CNPL with no credit checks. Your credit score plays no important role in our subscription plans. It won’t impact your overall credit score as well. But we’re sure you’re a responsible adult and you will establish a good credit history with Line by paying off everything on time.
So breathe, relax and go buy that diamond earring. We’re sure mum is going to be super stoked.