One option increasing in popularity is Buy Now Pay Later (BNPL) financing. These loans can be applied for online during checkout and approved within minutes, and most BNPL loans require little to no money down and are paid back in installments.
Refunds: Before using a BNPL loan to book your bachelorette party in Las Vegas, understand the refund policy. If your flight is canceled and you aren’t eligible for a refund through the airline, you may still be responsible for your loan payments.
Multiple Loans: According to a recent survey, individuals who use BNPL loans once are more likely to use them again. Taking out more than one loan simultaneously, also known as stacking, can quickly become unmanageable when payments are due.