At first glance, a “buy now, pay later” plan’s promise of no interest or upfront fees can seem more appealing than a credit card’s terms. Dividing a transaction into, say, a pay-in-four installment plan sounds straightforward and manageable.
Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | Omny Studio 2. Easier payment management Credit cards simplify tracking multiple purchases and payments in one place. If you’re juggling buy now, pay later plans from several companies with different due dates, it’s not as seamless.
“That protection, which can be a frustrating thing for a consumer who is trying to get credit, actually can be a really helpful protection to stop someone from getting in over their head on multiple lines of credit,” deHaan says. Personal Finance spotlight Even with payments paused, many student loan borrowers are struggling The situation could worsen when student loan repayment resumes next year.
Travel How the Airbnb ‘Gold Rush’ Could Impact the Homebuying Market Airbnb’s business is booming. The popular home-sharing platform reported its highest revenue and profit ever in the third quarter of 2022, due in large part to strong demand and higher…