The Risks and Rewards of Buy Now, Pay Later Services
TL;DR
Buy now, pay later services are gaining popularity as an alternative to credit cards, but using them requires caution and self-control. While they can be helpful for consumers living paycheck-to-paycheck who need a larger rainy day fund, it is important to understand the terms and not overextend oneself. These services provide an opportunity for consumers to potentially overspend if they lack self-control.
Topics:top-newspersonal-finance#buy-now-pay-later#consumer-behavior#credit-cards#financial-responsibility#personal-finance
- Using Buy Now, Pay Later Services Requires Self-Control: WSJ Podcast The Wall Street Journal
- Companies Like Afterpay and Affirm May Put Americans At Risk For ‘Phantom Debt’ The New York Times
- US 'buy now, pay later' splurges raise holiday debt hangover risk Reuters
- Buy Now Pay Later like Affirm and Klarna Are Booming. Shoppers Tell Us Why. Barron's
- Holiday debt hangover poised to be 'particularly nasty' this year, analyst says Fox Business
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