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Why do people use these instead of a credit card?


They use BNPL and credit cards. BNPL is a way to get more credit when your credit score is low and/or your utilization is high.

According to the Boston Fed[1] BNPL users "tend to have low credit scores, minimal liquid assets, high incidences of past bankruptcy filing, and revolving debt on their credit cards."

1: https://www.bostonfed.org/publications/current-policy-perspe...




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