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Home Market Research Markets

Consumer Advocates Warn About 6 Hidden Risks of ‘Buy Now, Pay Later’

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 1 min read
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Consumer Advocates Warn About 6 Hidden Risks of ‘Buy Now, Pay Later’
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Buy now, pay later apps are an increasingly popular way to finance purchases. Companies like Affirm, Afterpay and Klarna allow you to split the cost of everyday purchases — from running shoes to groceries — into several installment payments. Pay-in-four loans are a common model. You’re required to make a small down payment, usually around 25%, then enroll in autopay with a credit or debit card…



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