![The hidden risks of buy now, pay later: What shoppers need to know](https://blogs.world.edu/wp-content/themes/homepage/includes/php/image-jit/?filter=list-thumbnail&file=https://world.edu/wp-content/uploads/2023/10/buy-now-pay-later.jpg)
The hidden risks of buy now, pay later: What shoppers need to know
Buy now, pay later is a relatively new form of financial technology that allows consumers to purchase an item immediately and repay the balance at a later time in instalments. Unlike applying for a credit card, buy now, pay later doesn’t require a credit check. Instead, these programs use algorithms to perform “soft” credit checks to determine a shopper’s eligibility. This means […]… Learn more.