New age "layaway" payment plans have taken over the shopping world! "Buy Now, Pay Later" loans, also called point-of-sale loans, are now easily available as more customers turn to e-commerce and online shopping for their needs and wants. The most popular companies offering these types of loans are Affirm, Afterpay and Klarna. These loans allow customers to buy products now & pay later, which sounds convenient. However, consumer advocates say we need to be very careful! Why the words of caution? Find out in our latest episode of FinCap Friday below: 

Click here to access the Kahoot quiz and discussion prompt. If you're short on time, try our simplified No Tech version containing embedded questions right in the slide deck. If you prefer embedding the quiz questions right into the video, check out this Edpuzzle video.

About the Author

Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her 10 nieces and nephews!