Buy now, pay later comes with its risks, experts warn

Buy Now, Pay Pay Solutions Later In the current economy, the industry of which increased by 12.2% a year, this year only 122.26 billion dollars in research and markets.

By 2030, the United States is now buying, pay later to the market, projected to reach $ 184.05 billion.

The main players confirm, then and will be filled on Friday, starting preliminary public offers and list its shares according to the “Clar” symbol.

Companies are highly valued when Americans were Americans Delivering in persistent inflationHigh interest rates and student loan payments that resumed in October 2023 after pause -19 due to the pit.

Experts now warn the hidden risks of purchase, pay later

Consumers lived platforms because they allowed them to pay equal placions in a few weeks or months. In most cases, they are also free.

The application from the Swedish payment supplier is considered to be on the smartphone. (Jonas Walzberg / Picture Alliance Getty Images / Getty Images)

Buy now, pay the service in the retail field. But it is more and more integrated into travel, health and electronics industry, further further food offers for consumers seeking flexible financing options.

Online Holiday Expenditure reaches a record $ 222b that is currently purchased, pay later options

The survey of the Wathereth’s march found that about 55% of Americans now bought purchase, later (BNPL) services to keep the money supplier by 22%.

Among the users of the users, 19% had multiple loans at once last year, and 19% were feeed or interest. The payment is missing.

Thursday, 2021 On January 21, in London, London, on January 21, 2021, he was the icon of the United Kingdom in London, January 2021. (Hollie Adams / Bloomberg Getty Images / Getty Images)

A separate cotton survey revealed that more than half of the adults who used the service met with questions such as overload payments and buyer’s repentance.

These finds emphasize that before BNP services offer flexibility, they also perform risks, depending on how you use them.

“Sometimes it is an affordable way to get a loan and to spread the impact of great purchase. Other times, it’s a foreign ticket. “We can deceive us by focusing on credit data, not the overall value of ownership, and it can force us to spend more than it needs.”

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The purchase now, later services advertised themselves as a “Jenler Alternative for Credit Cards” that can come at a high interest rate. However, Rosman said that the service “keeps more credit cards over time.” For example, confirm and will be debit cards that can turn into credit loans.

Above it, Rosman explained that the service is not more than four interest rates, as these plans last longer and charge credit cards.

In addition, consumers can also hit late payments if they do not have funds to cover credit. Martha Kalahan, a certified financial planner of Maryland’s WBB of Capital Partners, told a fox business in the past, if the consumer kept missing payments, they could very easily hand over a debt collector.

“It’s like the use of a credit card where you now buy buying, but when it pays time to pay that debt. may damage someone’s credit.