BNPL: The Hidden Dangers of Buy Now, Pay Later
Update: 2025-12-14
Description
Buy Now, Pay Later trend poses hidden risks: A Bankrate survey reveals that nearly half of BNPL users have faced financial problems, with overspending being the most common issue. Managing multiple BNPL plans can lead to a spiral of debt, and returning items bought with BNPL can be a lengthy process. State attorneys general express concern over BNPL providers ability to assess borrowers repayment capacity.
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