The pros and cons of buy now, pay later

You may be asked whether you want to opt into a buy now, pay later opportunity when you purchase something these days. Although it sounds enticing, you should know all the issues surrounding this type of arrangement. We’ve asked several money experts to explain the basics, so you can determine whether buy now, pay later is the best choice for you. 

What is buy now, pay later?

Accrue Savings CEO Michael Hershfield explains that buy now, pay later allows consumers to divide their total purchase into equal payments, with the first installment due at