Apple joins the ‘buy now, pay later’ lending trend. Do you know about the downsides?
Starting this week, Apple is rolling out its version of “buy now, pay later.” Using a short-term loan to finance a small or medium purchase — Apple says Pay Later loans will be available in amounts from $50 to $1,000 — is “sold like a no-brainer” to consumers, personal finance expert Carmen Perez…
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