Buy Now, Pay Never? The BNPL Trap #BNPL #Finance #DebtTrap #CreditScore #FinancialLiteracy
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YouTubeNick Polyat (NP)
Buy Now, Pay Never? The BNPL Trap #BNPL #Finance #DebtTrap #CreditScore #FinancialLiteracy
The "Buy Now, Pay Later" button is everywhere. It promises easy, interest-free payments. But is it really a financial hack, or a hidden debt trap? In this short, we break down the 3 biggest dangers of BNPL services: 1️⃣ How a missed payment can destroy your credit score. 2️⃣ The "payment spiral" that leaves you budgeting for last month ...
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