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Buy now, pay later seems to be the go-to strategy for numerous Americans this holiday season.
As per Adobe Analytics, one in five Americans intends to rely on short-term installment plans to finance their holiday purchases.
The 'buy now, pay later' schemes have garnered significant traction among the younger generation, propelling sales to exceed $9.3 billion in November alone.
However, credit experts caution that these plans could incur steep fees in case of missed payments.