Part 1/9:
The Rise and Risks of Buy Now Pay Later Schemes
In an age where consumerism reigns supreme, Buy Now Pay Later (BNPL) has exploded in popularity, allowing consumers to make purchases without immediate financial outlays. This trend boasts convenience and instant gratification, but it comes with a multitude of risks that can lead individuals into crippling debt. In this article, we will delve into the mechanics of BNPL, the psychology that fuels its adoption, and the potential pitfalls that consumers should be wary of.