Best New Ideas in Money

Buy now, pay forever?

Episode Summary

A type of installment payment plan has surged by ten-fold over the past two years. But a new report from a leading consumer watchdog is raising red flags about so-called "buy now, pay later" loans.

Episode Notes

A type of installment payment plan has surged by ten-fold over the past two years. But a new report from a leading consumer watchdog is raising red flags about so-called "buy now, pay later" loans.