The hidden dangers of buy now, pay later - Seward Independent

The hidden dangers of buy now, pay later - Seward Independent

The hidden dangers of buy now, pay laterYou may have seen jokes about splitting a burrito into four payments. The punchline may sound harmless, but the trend signals a serious shift in consumer borrowing. Buy now, pay later (BNPL) products have become a routine checkout option for clothing, electronics, groceries, food delivery, and other everyday purchases.BNPL can be useful when payments are planned and affordable. But it is still credit. When…