Buy now, pay later apps are an increasingly popular way to finance purchases. Here’s how they work: Companies like Affirm, Afterpay and Klarna allow you to split the cost of everyday purchases, from running shoes to groceries, into several installment payments. Pay-in-four loans are a common model. You’re required to make a small down payment, usually around 25%, then enroll in autopay with a…
Read the full article here