• How buy now/pay later loans are renovating the home improvement market | PaymentsSource
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    How buy now/pay later loans are renovating the home improvement market | PaymentsSource

    Big renovations that expense thousands of dollars typically are not impulse buys. But the household-advancement industry nonetheless welcomes the speed and relieve that produced obtain now/fork out later on loans well known. The U.S. house improvement field will reach $600 billion by 2025, according to Statista. More substantial expenses arrive with even bigger hazards, which in turn include friction to the method of applying for financing. But as BNPL lending steadily revolutionizes customer financing, the possibility for BNPL experts to slice into conventional private-label credit rating card home-improvement financing — which include by way of huge-box merchants like Home Depot and Lowe’s — is large, according to observers. Despite the…

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