More than a quarter of Americans are considering buy now, pay later loans: Analyst

PayPal (PYPL) has adjusted its full year profit forecast, increasing estimates due to robust consumer demand. A survey from LendingTree showed almost 30% of Americans are considering a Buy Now, Pay Later (BNPL) loan this month. The survey also showed that 47% of BNPL users have been late on a payment.
LendingTree Chief Credit Analyst Matt Schulz joins Wealth! to give insight into PayPal's BNPL loans and how it impacts consumers.
In response to the percentage of people who are late on payments, Schultz states: "It just goes to show that even though these loans can be really useful and can be a great financial tool when you use them wisely, there really is a lot of risk. We have seen really high numbers consistently over the years in terms of the percentage of users who have paid late and unfortunately with the cost of things these days, I don't think those numbers are going to come down anytime terribly soon."
#youtube #news #stockmarket
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance

Видео More than a quarter of Americans are considering buy now, pay later loans: Analyst канала Yahoo Finance