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Citing the results of a recent survey, LendingTree reported that 41% of buy now, pay later (BNPL) loan users were late on at least one payment in the past year, up from 34% over the same period last year, according to its own release. Twenty-three percent of BNPL loan users reported having three or more active loans at the same time. Younger people are more likely to utilize BNPL loans. Sixty-four percent of Gen Z (18-28) reported using one, compared to just 29% of Baby Boomers (61-79).
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Posted on Wednesday, June 18, 2025 @ 10:06 AM
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