A frog plans to introduce purchases on loan

When we think of buying in Anglerfish Network, we usually think of a fast visit to everyday products specified as food, beverages or cosmetics. In fresh weeks, however, the network has begun to prepare A revolutionary ideawhich can change the way buying in Poland. Purchases on loan In Frogka, it is simply a concept that allows customers to store even if they do not have adequate cash. Although the thought may seem attractive, there is besides a serious risk.

What are “on loan” purchases?

Frog plans to implement a strategy that allows customers to store on credit utilizing a credit card with a limit of up to PLN 1000. This kind of solution can be available both at the Żabka stores and at another outlets. Principle of operation is simple – the client is buying and then, at a certain time, will be able to repay the debt. Service will be available on the basis of credit cardwhich allows you to usage a credit limit utilizing a mobile application.

Who will be liable for the loan?

The cooperation of Żabki with banks and debt companies will let the provision of this service. But the key thing is that credit card Frogs can be linked to financial institutions that frequently offer products specified as so-called. moment. That makes credit service can attract people who are already facing financial problems and request fast loans for tiny amounts.

Benefits and risks

From a View client, the anticipation of buying “on the line” may seem a convenient solution, especially erstwhile there is no money for regular expenses. The anticipation of buying food products, beverages, as well as another everyday items, without having to pay immediately, can be attractive. However, despite the apparent advantages, specified a credit strategy involves serious risks.

First of all, expenditure on credit may rapidly turn into a debt spiral. Those who usage this option can easy lose control of their finances, leading to expanding commitments. In addition, if Żabka decides to cooperate with the companies offering moment, this can only exacerbate the problem, especially among those who are already having difficulty paying off erstwhile debts.

The problem of dependence on credit

In peculiar introduction of purchases on credit in the stores of Żabka can meet with large criticism from the public. Due to the wide scope of drugs, specified as alcohol is cigarettes, customers may be willing to borrow tiny amounts only to finance their habits. This kind of action may lead to Increased addiction and increased number of debtors.

In practice, addicts can easy fall into debt spirals, utilizing this credit option, which may in the long word consequence in worsening financial problems. In the event that Żabka cooperates with loan companies providing fast loans, people in financial difficulties can scope for easy access to cash, which will only increase their debt.

Frog: Step towards fresh technologies

Despite controversial aspects related to credit purchases, the Frog tries to be innovative. In fresh years, the network has accelerated its investment in fresh technologies. She opened sales outlets on the highways, began abroad expansion, and besides made her debut on the stock market. Purchases on loan may be a further step towards modern solutions, but possible social threats cannot be ignored.

Future of the credit strategy in the Frog

Although Żabka has confirmed work on the credit payment system, there is inactive no authoritative information about the date of entry of this service into stores. The network analyses different options and the final form of this service depends on the selected financial partner. If the task enters into force, it will be another step in the improvement of financial services in retail sector.

But no less, it's inactive an uncertain future and the final consequences of this decision are unknown. Although this may be a convenient solution for any people, 1 cannot forget about debt risk and the problems that may arise.