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Business & Economics

More Americans are turning to "buy now, pay later" loans to purchase groceries

CBS News
Summary
Nutrition label

81% Informative

A quarter of Americans now use BNPL loans to pay for groceries, up 14% from last year , LendingTree survey finds.

BnPL loans let shoppers make interest-free purchases while spreading payments over several installments.

Some of the loans can carry interest changes and fees, potentially leading consumers to rack up debt.

VR Score

86

Informative language

87

Neutral language

71

Article tone

informal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links