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Deferred Funds, Accelerated Debt: the Purchase Now, Pay Later Lure


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Woman using a buy now pay later option on her smartphone to pay for groceries
voronaman / Shutterstock.com

You’ve seen these tempting checkout choices — “Cut up this into 4 simple funds!” or “Pay over 6 weeks with no curiosity!” Purchase now, pay later (BNPL) companies promise to make that dream buy reasonably priced proper now, however monetary specialists are sounding alarm bells concerning the hidden risks lurking behind these handy cost plans. The Licensed Monetary Planner (CFP) Board not too long ago warned…