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Buy now, pay later: what could possibly go wrong? | Learn the English expression ‘egg someone on’

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Is This Worse Than Regular Credit Debt?

Pay later is heavily marketed toward people who don't qualify for credit cards. 40% of consumers have missed a payment, according to one survey. Consumers believe these loans make their purchases cheaper when they pay in instalments. The final con n is that this form of loan has not yet survived a recession.

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