Buy Now, Pay Later Is Becoming a Financial Trap

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Monday, July 13, 2026

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Chris warns that the rapid growth of buy now, pay later loans is pushing more Americans into financial trouble. Pointing to rising late-payment rates, multiple active loans, and the growing use of BNPL for groceries, he argues these services encourage overspending, fuel a culture of living beyond one's means, and leave consumers paying a steep price for convenience.

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