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MoneyWatch: "Buy now, pay later" escalates debt

While "buy now, pay later" programs are positioned to ease financial burden on consumers, the services are creating additional debt for many. Michael Taino, senior director of Fitch Ratings, joins CBS News' Lilia Luciano and Meg Oliver to discuss how these programs can hurt your credit and why retailers offer them.
Oct 10, 2022 (03:46)
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