FinCap Friday: Buy Now, Pay LATE

Question 1

True or False: Making on time payments towards Buy Now, Pay Later services helps build your credit.

Accepted Answer

False

Question 2

How many payments do you make with a Buy Now, Pay Later service?

Accepted Answer

4 payments

Question 3

What percentage of U.S. adults have used a Buy Now, Pay Later service before?

Accepted Answer

39%

Question 4

What reason below helped contribute to the popularity of Buy Now, Pay Later services?

Accepted Answer

promotion on social media

Question 5

What percentage of Buy Now, Pay Later users in the U.S. have made at least one late payment?

Accepted Answer

26%

Questions 5