"Buy now, pay later" could create consumer debt / help consumers with unexpected expenses
By Hicbd
Sat May 7 2022 10:39 am
"Nearly 45% of shoppers have now signed up for at least one buy now, pay later plan, according to a survey by DebtHammer.org — a 41% jump since April of last year. Of those who’ve used the installment payment plans, 22% regret their decision, the report found. Roughly 30% said they’ve struggled to keep up with the payments and have had to skip paying an essential bill to avoid defaulting.
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