Avoiding debt with buy now, pay later plans

With financial constraints affecting many, more people are using buy now, pay later services for holiday shopping, offered by companies like Affirm, Klarna, and Afterpay. While these services provide convenience by allowing payment division, they can lead to debt, overspending, and credit report impacts if payments are missed. Consumer Reports advises users to carefully select loans, avoid multiple simultaneous loans, and set payment reminders. Pamela Reyes learned the risks first-hand, emphasizing the importance of cautious financial planning.