The option to “buy now and pay later” over installments exploded over the past two years, thanks to people being flush with stimulus cash and shopping online during the pandemic. But is this new, underregulated industry a useful line of credit or another path into debt?

Guest: Paulina Cachero, personal finance reporter for Bloomberg.

Host: Lizzie O’Leary

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The Trap of Buy Now, Pay Later 34:43 Share

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The Trap of Buy Now, Pay Later