Reported about 8 hours ago
'Buy now, pay later' options are gaining popularity this holiday season, attracting shoppers looking to manage payments amid inflation and high credit card debt. Predictions suggest a significant increase in spending through these plans, particularly appealing to those with low credit scores. However, experts warn consumers to avoid overextending themselves, especially by using credit cards for purchases, as this can lead to additional fees and debt accumulation. Retailers benefit from increased spending, but the psychological perception of these plans as non-debt solutions poses risks for unsustainable consumer behavior.
Source: YAHOO