Is buy now pay later the next scourge on consumer finances? 
Sarah Snell Cooke Sarah Snell Cooke

Is buy now pay later the next scourge on consumer finances? 

Many consumers using Buy Now Pay Later products are avoiding taking on credit. The problem is they actually are still taking on debt. They just don't have the opportunity to boost their credit scores by doing well and paying off debt, and many of those consumers also end up taking out a loan or overdrawn their accounts just to pay off the Buy Now Pay Later.

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