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

On HALO

1 day ago

"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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