Should you use ‘buy now, pay later’ for 2022 holiday purchases?

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This decision could affect your finances long after the holidays are over.

Buy Now, Pay Later (BNPL) services enable you to buy your items right away and pay for them over time, often without interest. But it’s not a great choice for everyone. Here’s what you need to know about BNPL.

  1. PRO – No waiting for your items
  2. PRO – Soft credit check
  3. PRO – No interest if you pay on time
  4. PRO – Fast approval
  5. CON – Extra fees for late payments
  6. CON – No rewards earnings
  7. CON – Increased temptation to spend more

For the full article, click over to USA Today