BUSINESSKSTP ABC MINNEAPOLIS
Buy now, pay later debt is piling up, and groceries are driving it
Buy now, pay later (BNPL) debt is increasing as Americans use it to purchase groceries, with nearly 1 in 4 users taking out loans for this purpose. Half of BNPL users missed at least one payment in the past year, leading to fees, interest, and potential credit score damage. Financial experts warn against using BNPL unless payments can be made on time.
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