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November 22, 2021

The catch with buy now, pay later could be your credit

By JACKIE VELING
NerdWallet

Buy now, pay later, or BNPL, is a payment plan that lets you break up your total purchase at checkout into a series of smaller installments.

Though these plans aren't new, they've recently catapulted into the mainstream, with major U.S. retailers like Amazon, Walmart and Target now offering them. But with promises of convenience, zero interest and minimal fees, many shoppers are wondering, “What's the catch?”


 
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