
Buy now, pay dearly?
Planet Money
By Now Pay Later Loans Are the Oldest Financial Technology in the Book
1min Snip
00:00
01:50
Summary
Transcript
Episode notes
Banks and credit card companies are trying to fend off this horde of new competitors. At least one bank is refusing to let their credit cards be used for most by now pay later purchases. The way the system is currently set up, a lot of that spending does not get reported to the credit bureau.