The rapid growth of #BuyNowPayLater (#BNPL) services is concerning, especially as borrowers increasingly use them for #essentialpurchases like #groceries. The lack of visibility into BNPL debt, due to #nonreporting to #creditbureaus, creates a “#phantomdebt” problem. Coupled with rising unemployment it could lead to a cascading effect of defaults. https://techcrunch.com/2025/11/16/bnpl-is-expanding-fast-and-that-should-worry-everyone/?eicker.news #tech #media #news