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Podcast: DebtMatters Podcast
Episode: 35 - Buy Now, Pay Later: Smart Move or Financial Trap
Description: Whether you are an online shopper or shop in store, you have undoubtedly been offered the option to make your purchase now and pay for it later. Known as the Buy Now, Pay Later, this type of instant, no-cost financing has become increasingly popular. But is there a catch? How is it that these companies can offer this kind of service and how can they make money? Daniel Maksymchak, with LCTaylor, Licensed Insolvency Trustees in Winnipeg, takes a look at how to make delayed payments work for you. He also discusses:What happens when you aren’t able to...