Buy Now, Pay Later (BNPL) is a type of short-term loan that lets shoppers pay for products in small installments spread over a set period of time. These services are typically used for minor ...

Rebecca is a freelance contributor to Newsweek’s personal finance team. A certified student loan counselor, she has written extensively on student loan debt and higher education. Rebecca has ...

Getty Images According to a tracking study released by the research company PYMNTS, “Buy Now, Pay Later” services (BNPL for short) are projected to increase in availability and scope over the ...