Buy Now, Pay Later installment plans have become popular among consumers seeking to spread out the cost of big-ticket purchases.
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Red flag: Consumers are using Buy Now, Pay Later to cover everyday expenses
Buy Now, Pay Later installment plans have become popular among consumers seeking to spread out the cost of big-ticket purchases. But now, rising prices have some cash-strapped shoppers reaching for these alternative payment methods for everyday purchases, such as their daily coffee, gas station fill-up or grocery run, as well.
