Jordan has been chased by debt collection agencies after falling behind on payments for clothes. The 23-year-old bought a winter coat using Buy Now Pay Later when employed, but then lost his job.
With low (or no) fees and interest rates, as well as credit limits that typically cover common purchases like clothing and shoes, buy now pay later apps have become popular with everyday shoppers.
With so many buy now, pay later options available to consumers ... for dinner or groceries in person as well as for your online clothing orders. However, Zip does come with one major drawback ...