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BNPL options are typically split into four payments, often interest-free if paid on time. Because they don't directly involve credit cards, many see them as a less burdensome alternative to traditional credit. They are especially appealing for larger purchases like Peloton bikes or electronics that might seem daunting to pay for all at once.
Moreover, businesses have increasingly integrated BNPL options—such as partnerships with food delivery services or grocery stores—making it a widespread choice for everyday expenses. The convenience and seemingly interest-free nature of these loans have contributed to their rapid adoption, especially among consumers with lower credit scores seeking easy borrowing options.