CHARLOTTE, N.C. (QC Life) - As the holiday shopping season gets in full swing, we looked at the pros and cons of buy now and pay later programs. The plans are like layaway plans, except you get the merchandise you are buying upfront.
Mark Henry of Alloy Wealth Management shared the biggest risk of buying now and paying later:
-Overspending
-Interest and fees from missed payments
-Potential credit score damage
Beyond that, Henry discussed other tips on how to make the most of your holiday shopping this year and in years to come. Watch the entire segment to hear his advice.
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