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Qi research CEO and Chief Strategle Danielle Dimartino Booth determines where inflation is the heaviest on consumers ‘earn money’.
Buy now, then pay payment solutions In the current economy, popularity has increased, for industrial, research and markets, it was predicted to reach $ 12.26 billion on an annual basis to reach $ 122.26 billion this year.
Until 2030, the United States is now forecasted to reach the next market for $ 184.05 billion.
The main players confirm confirmation and Clarna to start their shares at the time of initial open proposal and under the symbol of “Klar”.
The companies became famous in a period when Americans Struggling with continuous inflationRenewable student loan payments in October 2023 after a break due to high interest rates and Covid-19 pandemics.
Experts now warn the risks of purchase, then pay
Consumers used platforms because they permitted to pay in equal parts for a few weeks or months. In many cases, they are also uninteresting.
The application from the Swedish payment provider is seen in a smartphone in Klarna. (Photo Alliance via Jonas Walzberg / Getty Images / Getty Images)
Buy now, the services later turned into a basic support in the retail sector. However, it is increasingly integrated in the travel, health and electronics industry, gives food to consumers looking for flexible financing options.
Online holiday costs record 222B, now purchasing, paying the next options
March Wallethub survey, about 55% of Americans have already purchased, then (BNPL) services (BNPL) services are currently obliged to a BNPL provider.
Among those who use the service, 19% have more than one loan in the last year and 19% are of extreme fees or interest missing a fee.
On January 21, 2021, the UK on Thursday, Clarna application icon on a mobile phone located in England. (Via Hollie Adams / Bloomberg Getty Images / Getty Images)
A separate bankflover questionnaire, more than half of the adults who use the service, appeared to face excessive loading, abducted payments and topics such as the remorse of the buyer.
These findings emphasize that BNPL services are also risks depending on how you use them.
“Sometimes, it is a suitable way to access the affordable credit and disseminate the effects of a great purchase. Other times are a ticket with extreme. “We can deceive ourselves to stop ourselves, not the total value, but this can cause us to spend more than us.”
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Buy now, subsequent services, advertised themselves as a “alternative to credit cards” that can come with high interest rates. However, Rossman said the service “treated more like a credit card with time.” For example, there are debit cards that can be confirmed and transformed into part-part loans of Clarina.
On top of that, Rossman explained that in six weeks in six weeks, not only four percent free payments, but many of these plans that are highly interested in these plans and fills interest rates similar to credit cards.
In addition, if consumers do not have funds to pay part, they can hit late fees. Martha Callahan, Martha Callahan, Capital Planner in Basic FBB in Maryland, if a consumer’s missing payments in the Fox business, can be delivered very easily,
“Now it’s like using a credit card you purchased, but if you don’t have money to pay for this debt, if you don’t have money in your hand,” Callahan said can damage someone’s credit.
