Debt and overspending are prevalent challenges for those embracing Buy Now, Pay Later schemes. However, with the right financial education, these services can be used smartly. — Image by zaozaa09 on Freepik
“I felt like my finances were spiralling out of control. I was using loans to pay off other loans.”
Opting for the alias Desmond, a 26-year-old digital marketing executive recounted his first few experiences using Buy Now, Pay Later (BNPL) services, which eventually landed him in over RM15,000 worth of debt within two months.
