NORFOLK, Va. — As holiday shopping ramps up across Hampton Roads, more people are turning to "buy now, pay later" (BNPL) services to split up purchases into small, interest-free installments. However, experts warn that the convenience comes with real financial risks, particularly for shoppers already struggling with rising costs.

BNPL usage has surged nationwide during the holiday season, and local analysts say the trend is being felt here in Virginia, too. With inflation still squeezing household budgets, consumers may see installment plans as an easier way to afford gifts, electronics, and other big-ticket items.

Both the Better Business Bureau and financial experts at Old Dominion University say shoppers need to slow down and understand what they’re signing up for.

“You’re basical

See Full Page