Part 1/8:
The Hidden Risks of Buy Now, Pay Later Plans
In recent years, "Buy Now, Pay Later" (BNPL) schemes have surged in popularity, offering consumers flexible payment options for purchases ranging from clothing and electronics to groceries and even food delivery. These plans promise interest-free payments divided into four installments, making it easier for households to manage cash flow and afford coveted items when funds are tight. However, financial experts warn that beneath their attractive surface lie significant risks that consumers must carefully consider.