Morningstar: Tempted to use buy-now-pay-later to split your rent payments? Watch out for these fees. Want to pay rent in two installments instead of one?

Understanding the Context

The fine print can make '0% interest' costlier than it sounds. A growing number of companies are offering buy-now-pay-later products to split up ... Tempted to use buy-now-pay-later to split your rent payments? Watch out for these fees.

Key Insights

What is buy now, pay later? Learn how BNPL works, why people use it, and the key benefits and risks to know before checkout. Buy now, pay later (BNPL) apps can help you finance everyday purchases like clothing, gifts and home decor without extensive applications and high interest rates. These apps can make budgeting easier ... Bloomberg on MSN: Late Payments Rising for Buy Now, Pay Later Loans, Survey Says Nearly half of Buy Now, Pay Later users say they’ve paid late on at least one of their installment loans in the past year, according to a survey released on Monday.

Final Thoughts

Charlotte Observer: What Is Buy Now, Pay Later, and Why People Actually Use It