Perspective | Gas and go. Pay later. How some drivers are dealing with higher fuel costs.

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Perspective: Klarna, a buy now, pay later company, is allowing consumers to pay for gas in six installments. Is this a good thing?

— but the jump in the cost of gas was significant, up by 6.6 percent in February, according to the Bureau of Labor Statistics.Payment plans have become the way millions of Americans get by financially. Credit usage is how many people make ends meet. Nearly 40 percent of current cardholders are carrying a balance on their cards, according to the latestBut filling up a gas tank on an installment plan just seems too desperate.

Klarna says it restricts the use of its buy now, pay later products if a customer misses a payment to prevent them from accumulating debt.

 

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‘Buy Now, Pay Later' May Cost More Than You ExpectThe Buy Now Pay Later industry is booming – it’s topped $100 billion. These are services that allow you to buy something, take it home right away, but pay for it over time. And as prices go up, many people might be tempted to use it to book their vacation. But that may cost you more than you expect.
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