Opinion: Buy Now, Pay Later loans are becoming increasingly popular
Randy Hutchinson
Randy Hutchinson is the President and CEO of the BBB of the Mid-South, serving 28 counties in Tennessee, Mississippi and Arkansas. He graduated from Western Maryland College and has an MBA from Wilmington College.
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Buy Now, Pay Later loans are becoming increasingly popular for financing purchases made online and in retail stores.
They typically require a down payment of 25% with the balance paid in four payments over two-week intervals that are deducted from a bank or credit card account.
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