4min chapter

Plain English cover image

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

Plain English

CHAPTER

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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