Buy Now, Pay Later Loans Pushing some Consumers Deeper Into Debt

Buy now, pay later, in debt forever?

One minute you’re splitting the cost of an Airbnb over three months, the next you’re thousands in the red. BNPL schemes (or “Klarnamaxxing”) are a slippery slope – especially when you’ve got appearances to uphold on social media.

Buy Now, Pay Later loans pushing some consumers deeper into debt

A LendingTree survey found 41% of Buy Now, Pay Later users made a late payment over the last year, up from 34% a year ago.

Finance matters | Should buy now, pay later be regulated?

Finance matters | Should buy now, pay later be regulated? Minenhle.Thusi Tue, 07/22/2025 - 09:41 CAPE TOWN - As more South Africans find themselves struggling with debt, concerns are growing over buy-now, pay-later (BNPL) credit products.READ | Defence, joint debt and farmers: EU draws budget battle linesThis type of short-term financing is one of the fastest-growing forms of credit globally but experts warn it may be adding to financial strain…

FCA proposes buy now pay later affordability rules for 2026

The FCA is planning to introduce new affordability safeguarding checks next year for customers that use buy now, pay later finance.