So, You Want to Buy a Vacuum?

While Perpay’s marketplace prices are sometimes slightly higher than retail, DiMarco says it’s still a more reasonable offering than high-interest credit cards or predatory markups on rent-to-own purchases. Here’s how its promise of “eight easy payments” works.

1. APPLY  Perpay asks for information about a customer’s financials and employment.
2. GET ON A BUDGET  A healthy spending limit is determined. (It’s usually around 5% to 10% of one’s net pay.)
3. SHOPThe customer chooses from thousands of items on Perpay’s marketplace.
4. MAKE THE FIRST PAYMENTMoney is automatically deducted from the next direct deposit, and a line of credit is extended so the item is shipped quickly.
5. PAY OVER TIME  The customer continues paying off the balance with seven remaining automated payroll direct deposits.

To learn more, visit perpay.com.