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Are 'Buy Now, Pay Later' Retail Loans a Good Deal?

While shopping online, you may have noticed “buy now, pay later” purchase options that break up the cost of an item into interest-free installments. It’s sometimes called “digital layaway,” except that your item is shipped to you right away—what’s not to like? Well, these loans can make shopping a little too easy, and the late fees, should you default on your payments, can be surprisingly steep, e