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People Are Using Buy Now, Pay Later Just To Make Ends Meet
Big Take
The Importance of Keeping Up With Payment Schedules
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Buy now pay later is a different way of paying back alone than most consumers are used to when the financial burden of your purchase isn't hitting your bank account all at once. People think that they can afford more than they really can, and buy now pay later feels like another new financial product that people are not used to managing or handling. Most buy now pay Later users aren't just using one service, they're using multiple on top of each other called loan stacking. Some with installments do every two weeks and another once a month.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode