Americans Are Racking Up 'Phantom Debt' That Wall Street Can't Track
Bloomberg - Are you a robot?
https://www.bloomberg.com/news/articles/2024-05-07/-buy-now-pay-later-has-americans-racking-up-phantom-debt
cross-posted from: https://lemmy.world/post/15144297
Consumers have embraced 'Buy Now, Pay Later' products that allow them to pay for purchases in installments, but it's not clear how many of these loans are out there.
Paywall removed: https://archive.is/9SYHz