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00:00Let's talk about the extent of addictive shopping.
00:04When we talk about addictive shopping,
00:07they spend everything they have.
00:10But this spending is very normal.
00:13They spend 50-60% of their income.
00:16If they want to spend more than this,
00:21they will borrow money from people around them.
00:25Or they will use their credit card.
00:28Because of the use of credit cards,
00:29the rich and the poor don't borrow money.
00:32They get debt.
00:32They get their AKPK numbers from this.
00:34Many people buy a shop and can't pay for it.
00:37But if we look beyond that,
00:39spending has become very easy now.
00:42There are e-commerce platforms.
00:43They give installment plans to e-commerce platforms.
00:46They say, pay after 3 months, pay for 6 months.
00:50Let's say they buy a product for Rs. 600.
00:53If they pay Rs. 600 in 3 months,
00:55they will get Rs. 200 in a month.
00:57We think they will pay only Rs. 200 in a month.
00:59But if you think about it,
01:01they don't pay only Rs. 200 in a month.
01:03They pay only Rs. 600.
01:04No matter what, the expense is only Rs. 600.
01:06If you pay this late,
01:09you will get a penalty.
01:10If you get a penalty,
01:12your credit score will be affected.
01:14Why will your credit score be affected?
01:16The credit score is given by the bank.
01:19They will give you a loan based on that credit score.
01:21They will give you a housing loan.
01:21Does the pay later we register on the e-commerce platform
01:25affect your credit score?
01:26Yes.
01:27The penalty is given sequentially.
01:30I have seen many groups online.
01:33They share their bankruptcy and mufflies.
01:37I have seen it there.
01:38First, they send a warning in SMS.
01:40Then, they come home and search for it.
01:43They say, you didn't pay for the e-commerce platform.
01:46You will have to pay later.
01:48You have to pay now.
01:49So, it can even become a case.
01:51Many people think that the problem is only with banks.
01:54Yes.
01:55It is only with e-commerce.
01:56Yes.