Americans May Be Taking On Too Much Pay-Later ‘Phantom Debt’ Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
U.S. Consumers Are Showing Signs of Stress, Retailers Say Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
‘Buy Now, Pay Later’ Is the Victim of its Own Success What once seemed like attractive economics have been upended by increasing competition and rising interest rates.
The Downsides of Using ‘Buy Now, Pay Later’ Shoppers can quickly get approved for the services, but regulators are concerned that the loans lack important protections.