Buy now, pay later (BNPL) loans, also known as point-of-sale loans, allow consumers to pay for purchases in small installments, usually over several weeks. Unlike credit cards, this short-term ...

Learn about per diem interest, how it's calculated, its role in loans like mortgages, and why it's essential for borrowers to understand before closing a loan.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...