Reported about 6 hours ago
'Buy Now Pay Later' (BNPL) schemes are increasingly leading users into financial trouble, with rising late payment statistics highlighting the risks. As many users struggle to manage repayments amid a slowing economy, financial advisors warn that this trend can jeopardize long-term financial health by limiting future borrowing capabilities and fostering a false sense of affordability. The article encourages consumers to rethink their spending habits and explore more sustainable debt options.
Source: YAHOO