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Preventing Buy Now, Pay Later Pitfalls There are some things that consumers can do to avoid getting into trouble with Buy Now, Pay Later schemes: -Be aware of the interest and terms of credit. -Do not use Buy Now, Pay Later schemes to purchase items that you cannot afford. -Pay off the balance as soon as possible to avoid high-interest charges and extra fees. -Keep track of your spending and don’t open multiple BNPL accounts. Many times, the consumer is required to pay off the credit line or fees and that can be equal to the cost of the purchase. So, if you decide you no longer want that new RV, TV or timeshare vacation package, you may still be on the hook for payments. What’s even more frustrating for consumers is that Buy Now, Pay Later credit is not always subject to the same consumer protections as other forms of credit. For example, if you have a dispute with the company that you bought something from using Buy Now, Pay Later plan, it may be more difficult to get your money back.