WHY ARE MORE SHOPPERS STRUGGLING TO REPAY 'BUY NOW, PAY LATER' LOANS?
https://s.yimg.com/ny/api/res/1.2/EuEHKFH25qVyb91jxsYaIw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/ap_finance_articles_694/66d2fd39860ce65a573c5f33d3693892
✍️ Klarna, a short-term lender, reports an increase in customers having trouble repaying their 'buy now, pay later' loans, indicating faltering financial health among a segment of the US population.
👉 Klarna reports an increase in customers having trouble repaying their 'buy now, pay later' loans 👉 The percentage of Klarna's loans at a global level that went unpaid grew from 0.51% to 0.54% 👉 Experts warn of risks associated with the use of 'buy now, pay later' plans 👉 Consumers taking out loans they cannot afford to pay back is a top risk 👉 The rollback of BNPL regulation is a concern for consumer advocates
-- #JustineFarrell #AdamRust #NewYork #UnitedStates #business
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