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Buy now and Pay…$8,000 in Debt Later??
Imagine This You’re scrolling through your phone, and a video catches your eye. Big, exciting words pop up: “CUTE.”“STUNNING.”“FREE SHIPPING.” Then, you see the best part: “BUY NOW, PAY LATER.” It sounds awesome, right? You click “buy now,” and it feels so easy. But later, you have $8,000 in debt. What Is Buy Now, Pay Later? Buy Now, Pay Later, or BNPL, lets you pay for things in small pieces instead of paying all at once. It started as a way to buy big things like beds or refrigerators. Now, you can use it for smaller stuff, like...