The National Retail Federation expects Saturday to be the biggest shopping day of the season.
TAMPA, Fla — More and more people are turning to buy now, pay later apps.
These installment loans allow you to buy something right away with little or no initial payment, then pay off the balance in multiple payments over time – usually four or fewer.
It might be tempting to use those apps to lessen the burden of buying holiday gifts.
Paying less up-front might be easier in the short term — but, if you’re not careful, you may wind up paying more than you expected later.
The National Retail Federation expects Saturday to be the biggest shopping day of the season — with 27 percent of those shoppers planning to shop only online and 46 percent planning to shop both online and in stores.
And that’s where you’ll usually encounter these buy now, pay later loans — when you’re shopping online or using a mobile app.
We caught up with Achieva Credit Union Outreach Manager Tasha Cohen-Glynn, who tells us she’s used buy now, pay later apps.
“Sometimes, buy now, pay later makes you feel like you can afford it, and you…
