USB guitar lead

Out of the blues, I found again this USB guitar lead that I bought a couple of years ago where I was planning to record some guitar tracks on my laptop, and also thinking I can save some money because this gear is far more cheaper than other USB link or audio interface but I was wrong..... this one doesn't work or if ever it works, the sound is super delayed and there's nothing much you can do apart from adjusting your instrument's volume or tone knob. They are right in saying it is a Plug n Play because the computer instantly recognise the hardware and install it automatically in your laptop but then after it's installed and says Device is Ready to use, you plug in your guitar and then what?  Nothing.  Totally nothing because you won't even know what software to use although they mentioned Audacity and this one's free but it doesn't work the way it should be.  Latency is unbearable and you don't have monitors not even earphone input for this one because the ones in the laptop won't work with USB devices unless there's a separate soundcard or audio interface.

In conclusion, not all cheap products or gear can save you money. I don't know if it's just me or how I installed or used this thing but it didn't work on what it should as I expected it to be.