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.
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.