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A payment method that some call ‘phantom debt’ just hit a new record
New record-breaking numbers on buy-now-pay-later purchases show consumers aren’t getting spooked by the emerging payment method that some economists call “phantom debt.”
U.S. shoppers racked up $16.6 billion in buy-now-pay-later purchases during the holiday season, helping to close out a big year for the flexible payment option.
That’s according...
U.S. shoppers racked up $16.6 billion in buy-now-pay-later purchases during the holiday season, helping to close out a big year for the flexible payment option.
That’s according...
Americans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track
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.
Illustration: Jovana Mugoša
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Uploaded: Jan 12, 2024
17 likes, 2 comments - erictmitchellJanuary 12, 2024 on : "Check out this article on Phantom Debt! https://www.cnbc.com/2024/01/07/buy-now-pay-later-is-a-troublesome-type-of-phantom-debt-experts-s..."...
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