Philip Belamant is an individual that is seeking to change the industry of Buy Now, Pay Later (BNPL) services. He encourages consumers not to take out loans from different companies and eventually put themselves into financial debt. He also wants to see more transparency of the banks who are lending money on another person’s behalf – as this would show consumers what they owe and help them manage their finances better. Philip’s goal is to ‘inspire change’ in the Buy now, pay later industry by showing consumers that they can achieve freedom and independence in paying for things.
Benefits of Buy now pay later.
For example, buy Now Pay Later (BNPL) is a service offered by various credit card companies and banks where you borrow money from them and then have to pay it back over time. When you pay for something now with a Buy Now Pay Later loan, there is no interest payable and no fees charged on the loan itself. The advantage of this system is that you pay less and can enjoy the freedom of getting things on credit at whatever price you want to pay.
How Philip Belamant has changed the BNPL industry
Philip Belamant created his own Buy Now, Pay Later service called The Value Plan that would allow consumers to make what they want when they want it at the end of the month. He also wanted to make it easy for consumers to communicate with him and know that they could negotiate with him. This is why he created his website and social media accounts, designed to be user-friendly.
The Value Plan has allowed consumers to pay back loans over one year and all they have to do is make a simple payment at the end of each month.
Original source to learn more: https://medium.com/@philipbelamant