
BNPL lenders are going to start offering loans for rent and utilities
BNPL lenders are starting to hawk for loans to cover your rent and utilities. Does anyone besides me think this is a horrible idea? I can see a sharp rise in defaults on these. If you need a BNPL to pay your rent, you probably already are in debt and this will just be digging people deeper.
https://ktla.com/news/nationworld/buy-now-pay-later-loans-utility-bills-rent/