Yeah, that whole "people spent billions on black friday!" thing doesn't look so good when nearly 10% of those sales were fake via Buy Now Pay Later schemes, which rose dramatically this year.
Maybe some will pay those off. But maybe some won't. Apparently 24-32% of people reported missing a payment for these services, and upwards of 60% for late payments. Couple that with insane credit card debt loads and what do you get? A fraudulent economy propped up on companies seeing just how far they can push the average consumer before the bubble bursts.
The best part is that BNPL products don't get reported to credit agencies (who are frauds in their own right), so hidden debt loads skew lending risk beyond what anyone would consider safe. Smells of 2006 where subprime mortgages went bananas because nobody did their homework.
https://www.forbes.com/sites/pamdanziger/2025/11/24/the-risks-of-buy-now-pay-later-may-outweigh-the-rewards/
