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Buy Now, Pay Later: Why It’s a Scam & Better Alternatives Ep24

Buy Now, Pay Later: Why It’s a Scam & Better Alternatives Ep24

Good Money Moves
• 20 min
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In this episode of Good Money Moves, I dive into the world of Buy Now, Pay Later (BNPL) services with Leanne Tromm, our Loan Administration Manager. As prices rise and incomes struggle to keep pace, many find themselves turning to BNPL options, but these can quickly lead to a cycle of debt. We discuss how BNPL works, the risks involved, and why it may be more of a trap than a solution. Leanne shares insights on better alternatives, such as credit cards and personal loans, that can provide financial flexibility without the hidden costs. Tune in to gain a clearer understanding of managing your cash flow and making informed financial decisions.