If you take the time to read what they’re saying it’s actually 100% logical to spend money you don’t have in some cases.
Ex: getting a new mortgage on a house that’s paid for in the middle of COVID while interest rates are super low to invest it at a higher % than the mortgage.
Your example isn’t equivalent. BNPL does not require collateral. BNPL is, in general, predatory. Some people may take advantage of it the way OP described but they’re the exception, not the rule.
That’s why there are articles like this, and this and this.
If you take the time to read what they’re saying it’s actually 100% logical to spend money you don’t have in some cases.
Ex: getting a new mortgage on a house that’s paid for in the middle of COVID while interest rates are super low to invest it at a higher % than the mortgage.
Your example isn’t equivalent. BNPL does not require collateral. BNPL is, in general, predatory. Some people may take advantage of it the way OP described but they’re the exception, not the rule.
That’s why there are articles like this, and this and this.