Buy now, pay later loans are becoming more popular. Here's what to know
Life Kit
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The Rise of Buy Now, Pay Later: Understanding BNPL
This chapter explores the growing trend of Buy Now, Pay Later (BNPL) loans, especially among young consumers who face challenges in accessing traditional credit. It examines the mechanics, profit motives, and psychological implications of BNPL, while offering practical tips for managing this financial option responsibly.
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