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As 'buy now, pay later' plans grow, so do delinquencies ; Sep 15, 2022 · NEW YORK (AP) — Americans have grown fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers. Buy now, pay later loans allow users to pay for items such new sneakers, electronics, or luxury goods in installments. Companies such as Affirm, Afterpay, Klarna and PayPal have built popular financial products …

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More people are paying for groceries with buy now, pay later apps … ; 2 days ago · Klarna reports that more than half of the top 100 items its app users are currently buying from national retailers are grocery or household items, while Zilch says groceries and dining out account for 38 percent of its transactions. These numbers are a good illustration of the overall growth of BPNL. As 'buy now, pay later' plans grow, so do delinquencies ; 1 day ago · Affirm, Klarna, Afterpay, which is owned by Block Inc., as well as PayPal and others are now widely embedded in Internet commerce. Further, the industry’s growth is attracting more players. Technology titan Apple earlier this summer announced Apple Pay Later, where users can put purchases on a four-payment plan over six weeks. Join referral programs invitation.codes ; Secure that @username! 😎 . invitation.codes is for sharing your referral links with the world. Join us!👋 Free; Automatic rewards; Post your links; Find your friends EXPLAINER: What to know about ‘buy now, pay later’ ; 1 day ago · A July report from the Fitch ratings agency found delinquencies on the apps increased sharply in the 12 months that ended March 31, to as high as 4.1% for Afterpay, while credit card delinquencies held relatively steady at 1.4%. “The increasing popularity of this is going to be interesting to see over these different economic waves,” Hicks ...