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)

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