re: More are financing groceries with buy now, pay later loans — and more are paying late

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Sounds no different than a credit card

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Very different from a credit card, these are out there every single time you check out for any size purchase, tempting you to do it because it makes it look cheaper. Everyone knows how a c.c. works, everything comes due within the statement month. It might be similar to a c.c., but again you can sign up for these basically every time you checkout somewhere and it's almost instant. You're not getting offered a new credit card every time you checkout somewhere and if you do, still have to go through a process of approval if you can even get it. It takes a little time, this is very very easy by comparison and nearly everyone gets approved to start out. C.C. almost always require a hard credit check, BNPL uses soft (which also makes it more appealing to a lot of people).