LTO vs BNPL

BNPL and LTO are both alternative payment solutions that allow consumers to buy products in installments without utilizing traditional credit. While BNPL is often used by customers as a way to spread out their payments over time, there are still some standards as to who can obtain items using BNPL. On the other hand LTO uses an underwriting process but is primarily focused on supporting non-prime or subprime consumers. With an LTO transaction, consumers typically have many different paths to ownership for the product they are leasing.