Buy now, pay later is the new financial lifeline for lower-income Americans, as consumer loans pile up to $19 trillion
Buy now, pay later services have become a crucial financial tool for lower-income Americans, with over half of the population having used them. These installment plans, initially intended for convenience, are increasingly being used out of necessity due to widespread financial strain. While offering a way to spread costs, missed payments can incur significant fees and may eventually impact credit scores as data integration progresses. AI
