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Buy now, pay later for... groceries?
Just one thing to keep in mind if you’re using Affirm or Klarna: their structure may not be to your benefit.
By making the service “pay in four,” allowing users to pay in four installments, the companies don’t have to abide by the Fair Lending Act, which mandates certain consumer protections. Most BNPL companies also only do negative reporting, Di Maggio said, meaning the only credit information they make public is when a customer misses a payment.
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