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What is Buy Now, Pay Later?
Common Cents

What is Buy Now, Pay Later?

Spoiler alert - it's a loan. (3min read)

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Julianne Brands
Nov 20, 2021
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Julianne's Newsletter
Julianne's Newsletter
What is Buy Now, Pay Later?
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TL;DR

  • Buy Now Pay, Later is a Loan. Be sure you can pay the full amount, each month, on time.

  • As always, read the fine print.

What is Buy Now, Pay Later?:

We're familiar with the common forms of loans like credit cards, home loans, and borrowing money from friends & family (would not recommend this last one!).

There's a new cool kid in loan town, Buy Now, …

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