TechSlashdot1h ago
'Buy Now, Pay Later' Lenders Pitch Loans For Needs Like Electricity
'Buy Now, Pay Later' Lenders Pitch Loans For Needs Like Electricity and Rent
TL;DRBNPL lenders now offer loans for essentials like rent and utilities, not just shopping.
Why it matters: Normalizing debt for basic needs signals financial stress is widespread and systemic.
An anonymous reader quotes a report from The New York Times: Buy now, pay later" loans took off during the pandemic as a way for online shoppers to go on retail splurges without using a credit card. Now, lenders are offering the loans as a means for people to finance basic…
Read full articleSource: Slashdot · Opens in new tab