As Inflation Soars, More Shoppers Turn To “Buy Now, Pay Later”

As prices continue to rise, more consumers are buying everyday essentials using payment plans known as “Buy Now, Pay Later.” Most of these payment plans allow shoppers to split purchases into four biweekly payments with no interest. Longer term plans have interest rates up to 30 percent, which rivals the highest credit card rates. Late payments can result in fees and damage credit scores. Now some consumer advocates are sounding the alarm. » Subscribe to NBC News:
» Watch more NBC video:

NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features,,, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.

Connect with NBC News Online!
NBC News App:
Breaking News Alerts:
Visit NBCNews.Com:
Find NBC News on Facebook:
Follow NBC News on Twitter:

#inflation #economy #digitalshopping

As Inflation Soars, More Shoppers Turn To “Buy Now, Pay Later”

You May Also Like