Consumer News Do You Really Know All That Goes On With A Buy Now, Pay Later Loan The Cfpb Has Some Words Of Advice

Buy Now, Pay Later: A consumer's cautionary experience

Pamela Reyes shares her experience with Buy Now, Pay Later services, highlighting the potential pitfalls of overspending and debt. Read More

Millions turn to ‘buy now, pay later’ — but is it really saving you money?

Nearly 87 million Americans used "buy now, pay later" plans last year, up 7% from 2023. Pros include easy access, no interest, and the ability to split payments into four installments. But stacking ... Read More

Holiday shoppers are opting to buy now, pay later — without using credit cards.

Klarna, Affirm, and other companies are pushing "buy now, pay later" sales models. And consumers are taking advantage. Read More

Is "Buy Now, Pay Later" affecting your credit score? Here's what local shoppers should know

As the “buy now, pay later” trend becomes more popular, it is having a greater impact on traditional lending and credit scores. If you are not familiar, buy now, pay later (BNPL) is a type of ... Read More

What to know before using Buy Now, Pay Later for holiday spending

As holiday shopping ramps up, more Americans are turning to Buy Now, Pay Later (BNPL) services that split up purchases into smaller, timed installments. Adobe Analytics predicts that more than $20 ... Read More

Buy now, pay later: Money saver or money trap?

The term "buy now pay later" is common in retail these days. It's a new and improved version of store installment plans (without the high-interest rates) or layaway (where mom had to stop by the store ... Read More

'Buy now, pay later' services are dangerous trap for young Americans, financial expert warns

"Buy now, pay later" plans are rapidly growing in popularity among young Americans, but not everyone is convinced they’re a smart financial choice. Haley Sacks, a personal finance influencer with over ... Read More

Buy now, pay later services surge in popularity but lack consumer protections

From vacations and music festivals to everyday necessities like groceries and gas, "Buy Now, Pay Later" options like Klarna, Afterpay, and Affirm are being used by people to pay for anything and ... Read More

Buy now, pay later plans surge this holiday season, experts warn of costly catch

TULSA, Okla. — As holiday shopping ramps up, more consumers are turning to "buy now, pay later" offers to stretch their holiday dollars. Financial experts say shoppers should understand both the ... Read More

What to know before using Buy Now, Pay Later for holiday spending

From clothes to concert tickets to groceries, you've probably seen these four words at checkout. Buy now, pay later. It's essentially *** short term loan that lets you take home what you want today ... Read More