In a recent study looking at the buy-now-pay-later industry in the UK, Barclays bank and debt charity StepChange found that 36% of users say this form of lending has become more appealing since inflation and energy costs began to climb.
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Klarna customers seek loans for groceries as debt risk rises
“I noticed that I could buy essentials with it, and not have to pay everything up front. And it wouldn’t affect my pocket as much,” Cruz said. “When you break it up into the four payments, it’s bi-weekly. And I make sure it’s going to fall on the weeks of me getting my paychecks.”
