Buy Now, Pay Later loans are becoming a popular way to buy large items with bite-sized payments. BNPL is a type of loan that allows consumers to take their item home immediately while paying for it in bi-weekly installments.

The pandemic created an eCommerce boom, giving even more of a platform for the use of BNPL loans. While these loans allow for easy access to the items consumers want or need, it can be really easy to rack up a tab using these sites.

Rick Walz is president and CEO of BBB serving Northern Indiana.

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