Pay-later purchases can cause more harm than good for consumers
Paylater programs can share personal information and report credit if payments are late
Pay-later purchases can cause more harm than good for consumers By Ebonee Coleman | February 8, 2021 at 10:38 PM CST - Updated February 9 at 4:40 PM
WICHITA FALLS, Texas (TNN) - As the COVID-19 pandemic continues, consumers are still enjoying the convenience of online shopping. Many people are also taking advantage of another perk that many online retailers are now offering.
Popular retailers like Nike and Forever 21 are giving consumers options to get merchandise now and pay for it later, and it usually doesn’t appear until after you’ve added items to your shopping cart and you’re about to pull out your credit card to pay.