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Are 'Buy Now, Pay Later' Plans Better Than Credit Cards?

Are 'Buy Now, Pay Later' Plans Better Than Credit Cards?

Years ago, stores commonly offered layaway plans for people who couldn't afford the items they wanted outright. The great thing about BNPL plans is they don't charge interest off the bat like credit cards do when you carry a balance. Typically, you'll get about three months to pay off your purchase under a BNPL plan.