So buying out pay later loans, a generation is turning to buying out pay later for Botox and concert tickets.

This is a Wall Street Journal.

So can you imagine people are using buying out pay later for Botox and concert tickets, paid 16?

So buying out payday loans is the worst thing for consumers since payday loans, the BMPL.

Stats are finally coming out that has become financially destructive force with a 2023

TransUnion report showing BMPL usage, sort 43% in a year, 40% of users missing at least one payment,

often facing hefty late fees and aggressive

collections, and a report came up showing indicating that in households charge an insufficient

funds, fee 85% would also charge an overdraft fund. BMPL is a dangerous because it doesn't feel

like debt. masking the risk by presenting payments as a $25 a week is an illusion,

and it's getting bigger and bigger. Ashland Dagger, 22 years old, use BMPL loans from a firm,

a financial technology company, starting at 18 years old with a 30% interest rate loan for $1,100

mattress, later financing groceries, haircuts, eyelash

extensions, leading to nearly $4,600 in debt with $770,1 monthly payment.

She said initially it starts off with necessities, and to me it was just $20 a month.

Here, $20 a month.

There are not a thousand dollars debt, a June report that Bank of American Institute noted a surge in such loans amongst young

Americans who face a tougher employment picture and higher prices using them for necessities.

Yadira Lara 28 financed a $900 Botox and filler injections with Klarna.

Think about that.

And a Swedish biovenger on TikTok video, before you come at me with who has that

kind of money, Klarna does, and you can use Shine Amazon Temu, use it for your face,

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