‘It’s lending on steroids’: How Buy Now, Pay Later companies are meeting an influx of demand despite higher costs
By Elisabeth Buchwald, CNN New York (CNN) — In good economic times and bad, people’s self-control to spend within their means on gifts during the holiday season flies out the window. For decades, credit cards bore the brunt of compulsive holiday spending habits. But increasingly, they’re sharing the spotlight with Buy Now, Pay Later companies.
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