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October 18, 2021

Buy now, pay later isn't bad — but be careful

  • BNPL is still a form of debt. As with any financial tool, it's all about how you wield it.
    • By SARA RATHNER
    NerdWallet

    Image by Klarna
    Consider BNPL — like Klarna or Affirm — when you can afford to pay for something in full, but paying in installments would help you better manage your cash flow.

    Those cheesy TV infomercials promising “three easy payments of $19.99” were quite ahead of their time. Though calling a toll-free number to buy as-seen-on-TV items is no longer in style, the idea of paying in installments remains popular thanks to a booming marketplace of buy now, pay later services.


     
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