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Business Rundown: "Buy Now, Pay Later" Loans Grow In Popularity. Many Users Aren't Reading the Fine Print
“Buy now, pay later” payment options have gained significant popularity, especially with the younger generation. But some financial experts are raising concerns about how these risky loans could encourage overspending and lead to a mountain of debt.
FOX News Radio’s Gurnal Scott spoke with partner at Exit Wealth, Ted Jenkin, about the fine print when it comes to “buy now, pay later” services and the massive interest and debt that could await users who miss even just one payment.
Photo Credit: AP
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Published on 2 months ago