“Buy Now, Pay Later” options are being utilized for everyday expenses at an alarming rate, concerning economists further

Inflation and rising prices have consumers struggling to pay for basic necessities, such as groceries and gas. “Buy Now, Pay Later” options are growing in most markets and lack regulatory oversight, leaving consumers in the Wild West of a new credit system. Using these methods often requires no credit check and zero-to-little interest.

While ”Buy Now, Pay Later” was originally an option made for big-ticket items, the trend in usage for everyday items is troubling.

Read more from CNN ▶