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Buy now, pay later transactions likely headed for record holiday season

Nov 28, 2024
The 0% interest on many buy now, pay later plans is appealing to cash-strapped holiday shoppers. But nonpayment ends up on credit reports.
Shoppers often use buy now, pay later programs for the big stuff, like furniture or electronics. But increasingly, it's also used for necessities like groceries.
Kamil Krzaczynski/AFP via Getty Images