Buy Now ... Pay Later ... Is A Trap

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Watch out for the hook. . .the trick. . .the trap. It looks good. . .pleasing to the eye and yes, it will tingle your senses . . . but it will also put you in bondage quicker than you can say, “Where Do I Sign?”

“No Interest Until January 2018.”

Those five words have snared many an unsuspecting believer into financing their future.

Okay, the year may change but the bondage doesn’t.  The real danger of this type of financing or any kind of debt is that it presumes your finances will be better tomorrow than they are today.  That’s dangerous thinking.  It presumes that you will not hit any bumps in the road between now and when the payments or final payment come due.

Advertising executives understand and exploit the mentality that thrives on:

“90 Days Same As Cash.”  “No Payments Until April 1st.” 

For the cash-strapped, it “feels” like a reprieve from bondage.  It’s meant to “look” like a way to not be in prison to your finances any more . . . but it is no “get out of jail” card. It just ends up being another cement block tied around their ankles.

I can assure you that salesmen . . .  especially selling big ticket items . . . have been schooled on how to make things appealing to you. . .to draw you in. . .to close the sale.

The salespersons’ basic motivation is to get “their” money out of your pocket.  That phrase is actually used in sales training classes and sales motivated books.  I want what I just said to sink in.  At the moment, it’s your money in your pocket but their job is to get that money out of your pocket and into theirs.

Am I cynical?  No, not at all.  I’m being very factual and I understand sales.

I used to teach sales and sales training and loved it.  I’ve read dozens of books and listened to hundreds of CDs on the subject.  At one time, I had over 1,000 people in my insurance sales organization.

I understand the motivation. . .the strategies. . .how to close the sale by answering all your objections. . .to get the person thinking and dreaming about possibilities of owning and wanting the product I’m selling.  There are a lot of things you need to buy … like proper life insurance.

Understand this very clearly. . .the sales person at the car dealership or electronics store may like you, may think you’re funny and cute. . .but don’t be deceived. . .they have one mission and one mission only.  It’s to get you to spend your hard-earned cash with them.

Habakkuk 2:7 in the Amplified Bible says it very clearly.

Shall [your debtors] not rise up suddenly who shall bite you, exacting usury of you, and those awake who will vex you [toss you to and fro and make you tremble violently]? Then you will be booty for them.”

It’s kinda like going fishing.  The fish may be leery of humans but they become distracted by the fishing lure that darts in and out of the water. . . yet nothing distracts the fisherman from pulling that fish in the boat.  Don’t be like one of them.

Now let’s go a little further.

If you ever begin to think. . .”I’m suppose to get a raise in six months” or “We could pay this off with our income tax refund” . . . don’t!  Never ever make a spending decision based on presumed future income.  That is a costly and even unscriptural assumption.

In fact, let me say it one more time. . .Never ever make a spending decision based on presumed future income.

James 4:13-15 in the Amplified Bible says:

Come now, you who say, Today or tomorrow we will go into such and such a city and spend a year there and carry on our business and make money.

Yet you do not know [the least thing] about what may happen tomorrow. What is the nature of your life? You are [really] but a wisp of vapor (a puff of smoke, a mist) that is visible for a little while and then disappears [into thin air]. You ought instead to say, If the Lord is willing, we shall live and we shall do this or that [thing].”                          

If there is one thing we can know for sure. . .nothing is certain in the current economic climate. . .that is why we must base our future on the Word of God and His economy.

That’s why you should heed the words of Proverbs 27:1 in Message Bible:

“Don't brashly announce what you're going to do tomorrow; you don't know the first thing about tomorrow.”

There is no way you can be assured of anything in the world’s economy. . .if you disagree, ask the folks who’ve lost their homes or millions of dollars in the stock market or their entire retirement due to swindles by highly regarded financial gurus.

It’s important for every believer to understand about these NO INTEREST FOR YEARS programs. . .the companies offering the deal are playing the numbers.  For them. . .it’s certainly not a gamble.

It is a statistical fact that over 70% of the people who sign up for these No Interest Deferred Payment plans either miss or are late on a payment. 

If you miss just one payment over the period of the contract or you are late just one time, your interest rate will skyrocket to over 25% (in some states as high as 37%). . .and ALL the interest will be added back into the amount of the loan.

The merchant who is offering you this ‘seemingly too-good-to-be-true deal’ is going to sell your contract to a finance company and, like Dracula, they will not be denied your blood.  These contracts are not to be entered into lightly.

The scripture confirms that it’s a sin to make a decision in ignorance. . .that’s the Herring paraphrase of Proverbs 18:13 which actually says:

“He that answereth a matter before he heareth it, it is folly and shame unto him.”

The Contemporary English Version of Proverbs 18:13 says:

“It's stupid and embarrassing to give an answer before you listen.”

Before you sign on the dotted line. . .or even get close to it. . .ask God if this purchase is right for you. . .if you can afford it. . .if it will help you accomplish God’s plan for your life.

Consider the following scriptures.

Proverbs 1:5 says:

A wise man will hear, and will increase learning; and a man of understanding shall attain unto wise counsels.”

Proverbs 1:7 says:

The fear of the Lord is the beginning of knowledge: but fools despise wisdom and instruction.”

Proverbs 20:27 in the New Living Translation says:

The Lord's searchlight penetrates the human spirit, exposing every hidden motive.”

Just remember, it’s easy to get into these BUY NOW PAY LATER plans but it’s tough getting out.

Think About It.