Beyond Finance’s Chief Financial Wellness Advisor Joins The Associated Press to Talk Tips for Managing Buy Now, Pay Later Loans

Dr. Erika Rasure, Chief Financial Wellness Advisor at Beyond Finance, recently appeared in an article from The Associated Press. The article explores the rising popularity and potential risks of Buy Now, Pay Later (BNPL) services, and offers practical strategies to help consumers manage this evolving form of short-term debt.

As millions of Americans increasingly turn to BNPL plans to spread out payments for everything from clothing to groceries, financial experts are urging caution and informed decision-making. The article offers a timely look at the credit, budgeting, and behavioral implications of using BNPL services, especially among younger consumers.

Finally, the article emphasizes the importance of using BNPL responsibly to avoid long-term financial strain or negative credit outcomes.

Key themes covered by Dr. Rasure include:

• Why it’s critical to pause before agreeing to installment loans at checkout
• The risks of “stacking” multiple BNPL loans and losing track of due dates
• How late payments can lead to penalties, overdraft fees, or account bans
• Tools and strategies for tracking repayment schedules and staying financially on track

The article serves as a valuable resource for anyone navigating the convenience—and hidden complexity—of today’s installment-based payment options.Read the full story on APNews.com to better understand how BNPL loans can fit safely into your financial plan.