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financing vacationsCNBC
•Business
Business & Economics
84% Informative
A growing number of travelers are using "buy now, pay later" services to pay for flights, hotels and cruises in installments.
Gen Z and millennials are far more likely to use BNPL plans to pay to travel, especially trips involving live events.
Potential pitfalls include "stacking" loans, problems reaching company customer service and repaying.
Disney vacation planner Jackie Steele said more travelers are using BNPL to pay for Disney trips.
Benson Varghese , a managing partner at a Texas -based law firm, said a surprising number of his clients have run into legal trouble or financial strain.
Travelers can avoid this by paying in full before a trip.
VR Score
86
Informative language
86
Neutral language
64
Article tone
semi-formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
Affiliate links
no affiliate links
