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Buy Now, Pay Later: Know the Full Cost
A smaller payment today can still create several future obligations.
Credit · 3 min
Step 1
Buy-now-pay-later plans divide a purchase into multiple payments. Terms, fees, interest, and late-payment consequences vary by provider.
Step 2
Several small plans can become difficult to track when their payment dates overlap.
Step 3
Before using one, look at the total purchase cost and every payment date rather than focusing only on the first installment.
Try this: If you use a payment plan, add each obligation or recurring schedule to Bills.