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Buy now, pay dearly?

Planet Money

By Now Pay Later

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By now pay later companies are offering. as long as you are able to clear a pretty low bar, like a soft credit check that won't show up on your credit score,. You agree to pay them back in four instalments. They collect the money from whatever bank account or debit or credit car you want. And those payments are all interest free. It almost is like too good to be true.

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