1+ week, 2+ day ago   (52+ words) Buy now, pay later loans exploded in popularity during the pandemic as a way to split up large consumer purchases. Now, people are using them to afford everyday necessities. CBS News MoneyWatch reporter Megan Cerullo breaks it down. Americans turning…...

3+ week, 3+ hour ago   (512+ words) Sixty-six percent of Americans carrying at least $10,000 in unsecured debt used a credit card to buy groceries in the last year, more than any other essential expense, according to a new survey. Credit cards were once reserved for expensive purchases…...

3+ week, 1+ day ago   (198+ words) ATLANTA — If consumers are using credit to survive the affordability crisis, they may need to put the cards away and return to cash only, according to Channel 2 consumer advisor Clark Howard. Howard says America’s affordability crisis is an issue that…...

3+ week, 1+ day ago   (898+ words) Debit or credit? In this economy? Cash-poor and maxed-out consumers are increasingly turning to trendy “buy now, pay later” microloan products to afford everyday necessities — as inflation and the cost of living rise faster than salaries and bank balances. A…...

3+ week, 1+ day ago   (30+ words) Yahoo A recent LendingTree survey says nearly half of the people using these loans said they've been late on payments....

3+ week, 1+ day ago   (746+ words) Leisure Was the First to Go: 52% were cutting tourism and leisure trips. Family Time Also Sacrificed: 39% cut back family visits. For some respondents, vacation costs did not end when the trip did. Vacation Debt Can Outlast the Trip: 41% had taken on…...

3+ week, 4+ day ago   (612+ words) "Buy now, pay later" lenders are increasingly offering loans for basic household expenses, including rent, electricity, health insurance and other bills, as more consumers turn to short-term financing. The lending apps Flex and Zip allow customers to borrow money for…...