The Buy Now, Pay Later (BNPL) Boom

Which of the follolwing is a list of companies offering Buy Now, Pay Later options to consumer?

• Pay Later, SplitPays and SoftCheck

• BreakUp, BuyNow and Today

• Sold, GetItApp and WeLend

• Affirm, AfterPay and Klarna

Installment payment plans like Buy Now, Pay Later allow shoppers to ...

• apply for a credit card in the store & pay less

• pay a small part now & pay the rest later

• use discount codes to save money

• choose to use 2 or more forms of payment for a purchase

Which groups are driving the popularity of Buy Now, Pay Later services?

• Baby Boomers & Millennials

• Generation X & Gen Z

• Millennials & Gen Z

• Silent Generation & Baby Boomers

True or False? Late payments to Buy Now, Pay Later services could hurt your credit score.

• True

• False

Which statement is true about the risks associated with using Buy Now, Pay Later services?

• It always hurts your credit score

• It can lead to overspending and late fees

• You get rewards points like a credit card

• It has no impact on your financial habits