One of the reasons so many consumers like using credit cards is that they let you make a purchase today and pay it off when it's convenient. "Buy now, pay later" (BNPL) plans work similarly in that you can spread out your payments for a given purchase over time rather than pay for a purchase up front. A recent survey by The Ascent found that BNPL plans have experienced explosive growth among consumers.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting