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7 months ago

'Buy now, pay later' services are dangerous trap for young Americans, financial expert warns

"Buy now, pay later" plans are rapidly growing in popularity among young Americans, but not everyone is convinced they’re a smart financial choice.Haley Sacks, a personal finance influencer with over a million followers online, issued a chilling warning about BNPL plans on "Fox & Friends" Tuesday, calling the practice "predatory.""My take is that you should not use ‘buy now, pay later’ at all," Sacks said. "If you need to finance something, use a credit card and a lot of credit card companies have ‘pay over time’ options with 0% interest."Sacks argued credit cards offer important benefits...

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7 months ago
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