Buy-now, pay-later usage rises alongside late payments and regret
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Buy-now, pay-later usage is increasing, with a notable rise in late payments and associated regret. The trend appears to be driven in part by the use of buy-now, pay-later services for essential goods, such as groceries. There is also concern about the potential financial risks of relying on these services, particularly among certain groups such as students who may already be struggling with debt.
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