Providing easier access to credit encourages higher prices. It also has a negative effect on the less money-minded person, who then never learns the concept of saving. It also reinforces the “now now now” concept of consumerism.

The only thing my crappy mother actually taught me, through her own credit card debt, was that if I don’t have the cash, I don’t get the thing. Easier said than done, I know.

Out of interest, how do you use it that you find it useful?

Klarna is permanently on my do not trust list, as what I experienced told me they can't manage their system correctly. And for someone who can put a derogatory mark on your credit, I'm not risking it.

(Bear in mind when I got the first email, just to be safe, I paid off the remaining balance the Friday of that week.)

I figured they caught and corrected it, so no harm, no foul.

When I tried using them at the end of the month however, (I think for upgrading my comp) they rejected my finance request. I wasn't sure, but I had my suspicions it was due to their fuck-up as I only used them once.

3 weeks later, they sent this.

It's the people they're counting on not paying after the BNPL period is over that need more protection. That's where the trap is, and where these actors make their money.

You can already do all that with a credit card, and your bank is more likely to side with you. Why not just use that? There's several decades more regulation on credit cards, too.

BNPL encourages higher prices.