The offers from companies can make a big purchases feel painless, creating an illusion of affordability, but the debt can pile up fast.
Experts at Money Management International say the biggest danger is "loan stacking," juggling multiple BNPL loans and losing track of what you owe.
A LendingTree study finds 47% of BNPL users made at least one late payment in the past year.
Don't ask if you can afford the "payment." Ask if you can afford the "purchase."
And, have a plan to pay it back.