BNPL Lenders Target Basic Household Utilities as Prices Surge

BNPL lenders target basic household utilities as prices surge

Companies offering “Buy Now, Pay Later” (BNPL) loans are increasingly expanding their products to cover basic necessities like utility bills, rent, and groceries as costs rise across the U.S. economy. The shift into financing everyday expenses comes as energy costs escalate and wage growth slows. While President Donald Trump pledged to lower consumer prices and cut household electricity bills in half, federal data indicates electricity prices ha…

In Trump's Economy, Companies Offer 'Buy Now, Pay Later' for Utilities as Costs Surge

Lending apps are offering credit to consumers struggling to afford basic necessities, including electricity, broadband, groceries, and more as prices rise.

‘Buy Now, Pay Later’ Lenders Pitch Loans for Needs Like Electricity and Rent

“Buy now, pay later” loans took off during the pandemic as a way for online shoppers to go on retail splurges without using a credit card.