As ‘buy now, pay later’ plans grow, so do delinquencies
As ‘buy now, pay later’ plans grow, so do delinquencies
By Ken Sweet | The Associated Press
Americans have grown fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers.
Buy now, pay later loans allow users to pay for items such new sneakers, electronics, or luxury goods in installments. Companies such as Affirm, Afterpay, Klarna and PayPal have built popular financial products around these…