Smart Borrowing: What to Check Before Using Buy Now, Pay Later
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar cautioned that BNPL should be avoided by impulsive buyers, people already juggling several debts, those using it for daily essentials, and those without a stable income or emergency cushion, as it can lead to a debt spiral.
More of Abhishek's views on debt and loans
The article looks at the growth of buy now, pay later schemes and the checks consumers should run before using one. It covers repayment terms, interest after any grace period, late fees, credit limits, provider credibility and app permissions, and who the product suits.
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Smart Borrowing: What to Check Before Using Buy Now, Pay Later