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Are ‘buy now, pay later’ services trapping people in debt?

Are ‘buy now, pay later’ services trapping people in debt?

Summary

"Buy now, pay later" services let people buy things and pay for them later. These services are becoming more popular, but some people worry they might cause more debt.

Key Facts

  • "Buy now, pay later" services allow people to purchase items and pay for them over time.
  • These services are gaining popularity among consumers.
  • Users may believe these services are risk-free.
  • There are concerns that using these services may lead to more debt for individuals.
  • Some people are questioning the safety and financial impact of these services.

Source Information