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These plans promise convenience, but can multiply your debt. Learn how these services really work, where the risks hide, and how to protect your finances.

You’ve seen those tempting checkout options — “Split this into 4 easy payments!” or “Pay over 6 weeks with no interest!” Buy now, pay later (BNPL) services promise to make that dream purchase affordable right now, but financial experts are sounding alarm bells about the hidden dangers lurking behind those convenient payment plans. The Certified Financial Planner (CFP) Board recently warned…