More consumers may opt to "buy now, pay later" this holiday season, but what happens if they can't make that last payment? Research by Marco Di Maggio and Emily Williams highlights the risks of these financing services, especially for lower-income shoppers
The majority of consumers who use BNPL have credit cards, but use the installment financing because it offers more favorable terms. Image: Shutterstock
This article was provided with permission from <a href="https://hbswk.hbs.edu/" target="_blank">Harvard Business School Working Knowledge.</a>