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.

A wave of companies that allow customers to pay for items from their favorite stores in four interest-free installments has taken over the country. But is "buy now, pay later" lending too good to be true? | Subscribe to our weekly newsletter here.