How A $16 ‘Buy Now, Pay Later’ Debt Blocked A Woman From Getting A Home Loan Despite $100k Savings
The popularity of buy-now-pay-later (BNPL) apps is growing rapidly, as are defaults and delinquencies. The slump in job markets and wage growth, alongside the high cost of borrowing due to elevated inflation, have already strained household budgets. Easier access to credit and flexible repayment options also lure younger generations to tap into loans even when … Read more