Buy now, pay later changed retail. Health care and rent are next

Source: Terry Nguyen, Vox

Thanks to Afterpay and Klarna, it’s easier than ever to buy in installments. Now, the model is coming for necessities.

Emerging fintech apps are looking to apply this buy now, pay later lending model to other sectors, from health care to travel to rent. Sure, people are growing acclimated to dividing their purchases into four easy payments, even applauding the option to do so. But no matter how you frame it, the pitfalls of these plans seem to be, unfortunately, just more debt.

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