Survey: 56% of buy now, pay later users have experienced issues like overspending and missing payments
Bankrate’s survey on buy now, pay later services reveals commonly experienced problems.
Your debt doesn't have to be tied to guilt — there are ways to ease it and empower yourself by being strategic about what and when you borrow.
— Rhys Subitch
Rhys Subitch is a Bankrate editor who leads an editorial team dedicated to developing educational content about loans products for every part of life. Rhys has edited articles, reviews and guides covering a broad range of topics in the consumer loans space, from debt consolidation to buying a car. Their experience spans student loans, auto loans and personal loans, and they have developed a passion for helping readers take control of their finances.
While Rhys has worked with credit cards and insurance in the past, they settled into loans content, where they have developed their expertise. In the past nine years, Rhys has researched, edited and written for several independent publications, startups, a university and a Fortune 500 company. Seven of those nine years have been devoted to personal and business finance content.
When Rhys isn't working, they enjoy spending time editing their husband's art, reading and watching hockey. They currently reside in Tacoma, Washington.
My first auto loan was from a used car dealership. I didn't fully understand the lending process when I walked in, and because of that I got stuck with a term that was way longer than I wanted to be paying off my starter car. My second time around I did my research, got an excellent rate and a medium term, and I’ve paid off my car well before I want to trade it in.
Your debt doesn't have to be tied to guilt — there are ways to ease it and empower yourself by being strategic about what and when you borrow.
— Rhys Subitch
Bankrate’s survey on buy now, pay later services reveals commonly experienced problems.
JG Wentworth offers debt relief services alongside its much-advertised structured settlement assistance.
Learn how to figure out how much interest you’ll pay and how you can save money.
With no collateral required, you’ll be asked to prove that you can repay the debt.
Consider some alternatives before getting an instant loan.
Freedom Debt Relief is one of the largest debt relief companies in the nation
LendingPoint targets customers with below-average credit interested in taking out personal loans of up to $36,500.
LendingClub’s unsecured personal loans offer $1,000 to $40,000 with relatively affordable APRs. It charges origination fees and requires fair credit.