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The Fox News Rundown

Business Rundown: "Buy Now, Pay Later" Loans Grow In Popularity. Many Users Aren't Reading the Fine Print

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 29 August 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

“Buy now, pay later” payment options have gained significant popularity, especially with the younger generation. But some financial experts are raising concerns about how these risky loans could encourage overspending and lead to a mountain of debt. FOX News Radio’s Gurnal Scott spoke with partner at Exit Wealth, Ted Jenkin, about the fine print when it comes to “buy now, pay later” services and the massive interest and debt that could await users who miss even just one payment. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I'll now hand you over to my best man, Eddie.

0:04.0

Wow, wow, wow, second time's a charm, eh, Billy Boy?

0:09.0

Oh God.

0:10.0

Substitution, courtesy of Paddy Power, embarrassing Eddie, makes way for sensible Samuel.

0:15.0

Cool, that was close.

0:16.0

You might not always pick the right starter, but your sub can still deliver.

0:19.0

Because with Paddy's super sub, your bet rolls over to the player coming on. Patti power. Valid on selected leagues and

0:24.3

markets only. Pre-match and in-play bets on qualifying player outcome selections only. T's and C exclusions

0:28.3

apply. 18 plus scummelware.org. I'm Grinnell Scott, and this is the Fox Business Rundown.

0:39.1

Friday, August 29th, 2025.

0:42.9

By now, pay later payment options have gained significant popularity, especially with the

0:48.0

younger generation.

0:49.5

But some financial experts are raising concerns about how these risky loans could encourage

0:54.7

overspending and lead to a mountain of debt.

0:57.7

It's just an easy way for people to be able to buy things that they probably couldn't

1:01.6

afford and until more people in America between student loans, auto loans, credit card

1:05.6

debt and the black hole debt of BNPL go broke and we see more bankruptcies go up.

1:10.7

I don't think that anything's going to change here in the short term.

1:13.3

Millions of Americans have opted to use by now pay later loans from companies such as after pay, Klarna, and a firm.

1:20.8

The idea is simple. It offers consumers the chance to split purchases into smaller installments over a longer period, usually with no

1:30.1

interest charges for on-time payments. But financial educators are warning these services are only

1:35.9

encouraging overspending at a time when American's credit card debt is near a record. And with

...

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