07.19.22 Buy Now Pay Later: New Warnings / Medical Debt

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 19 July 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

With Buy Now Pay Later, aka Pay in 4, refunds are a problem, and now Apple Pay offers it. Clark’s warning about this payment method and how to protect yourself. Also - Over 100 million Americans are burdened with medical debt. Learn how this happened, how the hospital monopoly game is played - and what your options are to avoid being crushed by medical debt. Pay In 4 - New Warnings: Segment 1 Ask Clark: Segment 2 Avoid Medical Debt: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Can You Use a Credit Card on Venmo? 7 Things To Know About the Venmo Credit Card Best 529 College Savings Plans By State What's the Best Setting for Your Thermostat During the Summer? 7 Easy Ways To Lower Your Heating Bill Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you to the Clark Howard Show.
0:07.8	Our mission is to serve you and empower you to make better financial decisions in your
0:13.8	life.
0:15.3	So I got to talk about by now pay later or what's known in the industry as paying for.
0:22.9	There are new developments with paying for that I want you to know so that you protect
0:28.9	yourself moving forward.
0:32.0	And we want to talk about medical debt.
0:35.6	Medical debt has become shocking because medical debt has been a problem for a while.
0:41.6	It's becoming even bigger problem in the US and I'm sorry I sound so negative today.
0:49.1	So let me talk about something positive.
0:51.8	The unbelievable quality of the writers that we are privileged to have to serve you at
0:59.5	Clark.com.
1:01.7	People who aren't on deadlines where they just have to put out a half thought out product.
1:09.0	We make sure that what we submit to you is thoroughly researched and is designed to be
1:16.8	of service to you first, last and always.
1:22.5	Check out our newsletters at Clark.com slash newsletters so you can see what we've got going
1:29.0	on for you day by day and subscribe if you wish and if it borrows you unsubscribe later
1:36.9	right but I think you'll find that it really empowers you.
1:42.3	So paying for I've talked about a firm and the different paying for is for a while and
1:51.5	the problems people are having that a third of people that are at a register or online
1:57.9	are stretching payments out many times they'll say no interest for easy payments and then
2:04.7	life happens and people don't make a payment and now more and more of that's being reported.
	...

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