People turning to BNPL loans to pay for rent, food and other necessities
More consumers are taking out "buy now, pay later" loans to make ends meet, a sign of the U.S. affordability crisis, according to consumer advocates.
More consumers are taking out "buy now, pay later" loans to make ends meet, a sign of the U.S. affordability crisis, according to consumer advocates.
BELLINGS Intelligence Score: 35
Why it matters
Rising use of BNPL loans for essentials signals notable consumer distress and credit stress in the affordability crisis, potentially affecting credit risk and lending behavior across consumer finance markets.
Sources
CBS MoneyWatch
People turning to BNPL loans to pay for rent, food and other necessities
More consumers are taking out "buy now, pay later" loans to make ends meet, a sign of the U.S. affordability crisis, according to consumer advocates.