The short-term loans often come with consumer-friendly interest rates and allow shoppers to make an initial payment at checkout, then pay the rest in installments, typically over a few weeks, even months.
Used responsibly, the installment plans increase financial inclusion, according to the Federal Reserve Bank of New York. But the Fed and some analysts warn that these plans can lead to excessive debt.
Overall, Adobe expects spending on these plans to peak in November, particularly on Cyber Monday.
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