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Are Buy Now Pay Later Loans a Good Idea?

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SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H Buy Now Pay Later loans are becoming the newest, trendiest way to spend money you don't have... but are they really safer than credit cards? sources: https://www.nerdwallet.com/article/loans/personal-loans/buy-now-pay-later https://www.youtube.com/watch?v=8vbDYYMAfqs https://www.krgv.com/news/cr-investigates-avoid-buy-now-pay-later-traps https://www.theguardian.com/business/2023/jan/24/cost-of-living-crisis-drives-vulnerable-australians-to-buy-now-pay-later-schemes-consumer-groups-say https://www.theatlantic.com/culture/archive/2023/01/buy-now-pay-later-affirm-afterpay-credit-card-debt/672686/ https://www.nytimes.com/2022/12/29/your-money/buy-now-pay-later-loans.html https://www.nytimes.com/2022/08/29/dining/buy-now-pay-later-loans-groceries.html?searchResultPosition=1 https://www.consumerfinance.gov/about-us/blog/by-now-pay-later-and-credit-reporting/ https://www.npr.org/2022/12/15/1142469148/buy-now-pay-later-hottest-holiday-shopping-trend https://www.washingtonpost.com/opinions/2022/12/12/buy-now-pay-later-problems/ https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4230633 https://www.wired.com/story/gadget-lab-podcast-576/ https://www.afr.com/companies/financial-services/zip-reaches-key-profit-milestone-but-it-s-still-burning-cash-20230124-p5cf0c https://www.dailymail.co.uk/news/article-9675329/How-Afterpay-stop-young-Australians-buying-home-securing-economic-future.html https://files.consumerfinance.gov/f/documents/cfpb_buy-now-pay-later-market-trends-consumer-impacts_report_2022-09.pdf Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC® Directors: Katie Graham & Andrew Matthews Written by: Andrew Matthews Executive Producer: Amanda Fox Produced by: Katie Graham Edited & Animated by: Ben Harrison Fact checker: Yvonne McGreevy Executive in Charge for PBS: Maribel Lopez Director of Programming: Gabrielle Ewing Assistant Director of Programming for PBS: John Campbell Images by: Shutterstock Music by: APM Two Cents is produced by Spotzen for PBS

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