Buy Now, Pay Later? Does It Make Sense? From the LA Times.
Ask yourself 5 questions before buy-now-pay-later holiday purchases-By Jackie Veling
Shoppers gearing up for the 2023 holiday season won’t have to look hard for a convenient way to pay for all those presents.
“ Buy now, pay later ,” a type of payment plan that divides the total cost of your purchase into smaller installments, is offered at most major retailers, including Walmart, Target and Amazon. It’s expected to fuel $17 billion in online holiday spending this year — up almost 17% from 2022 — according to forecast data from Adobe Analytics.