12 Oct 2025 | 5 Mins Read
Buy now, pay later schemes raise debt concerns
Flipitmoney
BNPL looks attractive due to instant access and quick approvals without paperwork. However, hidden charges apply when deadlines are missed, including late fees, penalties, and high interest rates. BNPL transactions are reported to credit bureaus, affecting CIBIL scores for delayed payments. Experts warn of debt traps due to overspending and unmanaged repayments.