While BNPL platforms promise easy timely payments, they have substantial hidden risks for consumers, lenders and the overall ...

Citations: Brune, Lasse, Eric Chyn, Jason Kerwin. 2021. Pay Me Later: Savings Constraints and the Demand for Deferred Payments. American Economic Review.

Up until now, buy now, pay later loans have been notoriously difficult to track. Because BNPL lenders generally don't report to the major credit reporting companies, it's hard to know exactly how ...