Intrigued by buy-now, pay-later loans? Experts break down 6 pros and cons
You’re shopping online. You’re about to make a purchase. Then you see an option you’ve started to see more frequently on checkout pages: “Pay in four easy installments.” You’re intrigued. But you also might be thinking: What’s the catch? “Buy-now, pay-later” loans, as they’re called in the financial industry, are an alternative form of credit