If you frequently rely on Buy Now Pay Later (BNPL) schemes to cover your needs—and even your wants—you may want to take note of the latest findings from the U.S. Consumer Financial Protection Bureau (CFPB). The study reveals that users of BNPL programs are more likely to accumulate significant debt.
Buy Now, Pay Later (BNPL) loans, generally defined as zero-interest loans repaid in four or
fewer installments ("pay-in-four" loans).
