Ghost Debt: Beware 'Buy Now, Pay Later' Pitfalls

If you've ever wanted to spend thousands of dollars on a vacation or even buy a new iPhone but not pay for it all at once. Well, forget racking up credit card debt. What about buying what you want and paying for it over time, a loan of sorts that appears to be growing in popularity.

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[warwagon]

I can't imagine doing that. I also like to pay for my food then eat it.

[angstbringer]

I use klarna now and then and there's no interest, what are we talking about?

[yagga]

There’s no interest on most of these and the amount is automatically withdrawn on a specific date. What are you talking about? Unless you’re overspending or tying it to a high interest credit card and not paying off the card quickly, it’s a no brainer.