New LegalShield Research Warns of ‘Buy Now Pay Later’ Credit Crunch: 3 in 4 Americans Use It, Half Miss Payments
ADA, Okla.--(BUSINESS WIRE)--A new study from LegalShield exposes a brewing debt challenge: 76% of Americans rely on Buy Now, Pay Later (BNPL) services while half (49%) have missed payments. The survey of 2,018 Americans reveals that the majority (67%) of BNPL users juggle multiple BNPL loans at once, often for everyday needs, creating both a simmering credit crunch and new legal exposure for millions of consumers who could benefit from legal assistance as FICO prepares to factor BNPL loans int ...
