WARNING! Pay Rent with BNPL? Avoid This Debt TRAP Now!
Did you know nearly half of all U.S. renters are considered "cost-burdened," spending over 30% of their income on housing? Now, major BNPL provider Affirm, partnering with Esusu, is piloting a program allowing renters to split their monthly payments into bi-weekly installments, offering an apparent lifeline. However, financial experts are issuing dire warnings, cautioning that this "buy now, pay later" approach to essential, recurring expenses could trap individuals in a perilous "death spiral" of debt, especially with mandatory monthly membership fees. While promising short-term relief, this novel financing method may ultimately exacerbate financial instability for vulnerable households by normalizing debt for basic needs. Stay informed about the latest financial trends and protect your future by subscribing to our channel right now!
Tags/Hashtags: #bnpl #rent #debt #affirm #esusu #housing #affirm #esusu
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