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11:08
YouTubeCNBC
How Phantom Debt Is Haunting American Consumers
The number of buy now, pay later loans increased nearly 1,100% between 2019 and 2021, according to data compiled by the Consumer Financial Protection Bureau. The debt that accumulates from these loans is referred to as "phantom debt," because it's unclear just how much is out there and how well consumers are paying them back. Juniper Research ...
780.2K viewsJun 24, 2024
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