Ahead of Black Friday, many shoppers are unware of BNPL risks
Written by Black Hot Fire Network on November 23, 2023
Ahead of Black Friday, many shoppers are unware of BNPL risks. Source: Shutterstock.com
31% of people still don’t think that BNPL purchases can lead to debt. However, this jumps to 51% for those aged 18-24 who are more likely to use BNPL than the UK average. 29% of people remain unaware that BNPL is a form of borrowing, similar to using a credit card. This is significantly higher for younger people, with 39% of 18-24s not unaware of the risks. This is according to research from Creditspring.
Recent figures from . . .
