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RE: Buy Now, Pay Later Is About To Blow Up

in #financelast year

This is why it is improtent to make sure you review the terms in a few simple ways

  1. what is the interest rate over a year/month/week and how much that will add up to
  2. are the minimum payments paying off the debt or the interest and if the latter then find out how much you pay extra to pay it off
  3. BNPL isn't always the best option and you should make sure you try to hold off any purchases till you have the means to manage it