INDIANAPOLIS (WISH) — Michelle Cloutier of Indianapolis occasionally uses “buy now, pay later” services while shopping.

“I go to Amazon and Affirm is already right there,” Cloutier said.

“Buy now, pay later” services are short-term loans that allow a consumer to buy an item immediately and repay loans in interest-free installments over a period of time.

“This is a convenience thing that can be such a slippery slope,” Cloutier said. “It becomes easy. If I do it this time, then next time I’ll do it even easier and then by then you’re living on it.”

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