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As ‘buy now, pay later’ plans grow, so do delinquencies

FILE - Basketball sneakers are seen at a game, Tuesday, March 29, 2022, in Chicago. Buy now, pay later loans allow users to pay for items such as new sneakers, electronics or luxury goods in installments. (AP Photo/Charles Rex Arbogast, File)

FILE - A 65-inch television is shown at a warehouse, Thursday, June 17, 2021, in Lone Tree, Colo. Buy now, pay later loans allow users to pay for items such as new sneakers, electronics or luxury goods in installments. (AP Photo/David Zalubowski, File)

As ‘buy now, pay later’ plans grow, so do delinquencies