Buy Now Pay Later (even at Costco), what could go wrong?

Do you have your eyes on some new tech, a new grill, or some summer clothes, but don’t have the money today? People in the Seattle region are increasingly buying now, but paying later. Unlike the very popular layaway systems of the past, where you’d take the item home once you made all the payments, under pay later you do just that. People, especially younger people, are doing it in droves. The ConsumerMan, Herb Weisbaum of Checkbook.org talks us through the increasing popularity and dangers of the Buy Now Pay Later model. We can only make Seattle Now because listeners support us. Tap here to make a gift and keep Seattle Now in your feed. Got questions about local news or story ideas to share? We want to hear from you! Email us at [email protected], leave us a voicemail at (206) 616-6746 or leave us feedback online.See omnystudio.com/listener for privacy information.