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Some users of Buy Now, Pay Later programs like Klarna and Affirm say they have faced unexpected denials or lower spending limits when they try to make purchases. WSJ personal-finance reporter Imani Moise joins host J.R. Whalen to explain why the companies are tightening credit standards. 0:00 Buy now, pay later programs, explained 0:53 How these programs compare to a credit card or layaway plan 2:13 Why buy now, pay later programs are changing 3:50 The impact of higher interest rates Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes. For more episodes of WSJ's Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBr... #BuyNow #PayLater #WSJ