Brittany Needs to Buy a Couch. Should She Buy Now, Pay Later? : It's Been a Minute

Brittany needs to buy a couch. Should she buy now, pay later? : It's Been a Minute

Brittany keeps looking at a new couch online, and every time she goes to buy it she sees an option to "Buy Now, Pay Later," which made her wonder...should she? Here's what she found:Buy Now, Pay Later (BNPL) loans have become one of the go-to ways to get access to credit fast. Companies like Klarna, Affirm, and Afterpay make buying big purchases relatively easy by allowing people to pay in installments over time. But some Americans have taken to…

Klarna's Losses Double as More 'Buy Now, Pay Later' Customers Skip Paying Loans Back

Buy now, pay later giant Klarna suffered a doubling of net losses in the first quarter as an increasing number of customers failed to pay back their loan installments.