Back in the day it was layaway - pay now, get later.
particularly for younger borrowers, who are fearful of never-ending credit card debt.
They are fearful of never ending credit card debt, but are not fearful about this other type of never ending debt???
“Buy now, pay later” = buy unimportant stuff you can’t afford.
And 15% of users are getting groceries with payment plans? Yep, America’s doing just fine, just ol’ Uncle Joe says!
When will people realize that their mortgages are exactly the same thing?
The company store credit card of slaves.
Last year I signed up for Ebay’s buy now, pay later. Only because it came with an introductory offer of a $30 discount on my next purchase. So I bought a 17.3” HP FHD IPS laptop and got my $30 off.
I paid off Ebay and have not used “pay later” since.
“Buy now, pay later” scams are how stupid people become (and stay) poor.
I am not anywhere near as smart as some FReepers about money, but the best thing I ever did was get out of and STAY out of debt. A lot less worries after that.
“As ‘buy now, pay later’ plans grow, so do delinquencies”
Now that’s funny. How else could there even BE a delinquency?
I use my credit card for gas & at Wal-Mart because I am older, female, and cannot afford to lose money to a thief.
I DO NOT carry more than $20...and I keep my bank balance below $20 so I cannot even get ATM $$$ to satisfy a thief.
I no longer shop at night only in daylight & I have my 85# Rottweiler in car with me.
AP adding to their story yesterday about “too much cunsumin going on” causing inflation.