Buy now, pain later? Over-indebtedness of young individuals*
| dc.contributor.author | Damar-Blanken, Duygu | |
| dc.date.accessioned | 2026-04-04T18:48:44Z | |
| dc.date.available | 2026-04-04T18:48:44Z | |
| dc.date.issued | 2025 | |
| dc.description.abstract | This chapter examines the newest type of small and short-term credit, namely Buy Now, Pay Later (BNPL) offers. BNPL is especially popular in e-commerce due to the convenient procedures of access. Yet it also poses a high risk of over-indebtedness, especially for young persons who are specifically susceptible to impulse buying and who, at least to a certain extent, lack financial literacy. The New Consumer Credit Directive of the European Union takes a huge step in financial consumer protection by extending its scope to small and short-term credit agreements, that is, also to BNPL-credit. However, the safeguards put in place by the new Directive might prove insufficient due to the business model underlying BNPL-credit. This chapter argues that, in order to achieve responsible lending practice and improve the financial literacy of young persons, an additional monitoring feature is necessary. © 2026 selection and editorial matter, Duygu Damar-Blanken and Michelle Kelly-Louw; individual chapters, the contributors. | |
| dc.identifier.doi | 10.4324/9781003510406-15 | |
| dc.identifier.endpage | 211 | |
| dc.identifier.isbn | 978-104040662-5 | |
| dc.identifier.isbn | 978-103281297-7 | |
| dc.identifier.scopus | 2-s2.0-105017345578 | |
| dc.identifier.scopusquality | N/A | |
| dc.identifier.startpage | 198 | |
| dc.identifier.uri | https://doi.org/10.4324/9781003510406-15 | |
| dc.identifier.uri | https://hdl.handle.net/11411/10322 | |
| dc.indekslendigikaynak | Scopus | |
| dc.language.iso | en | |
| dc.publisher | Taylor and Francis | |
| dc.relation.ispartof | Financial Inclusion Law and Over-Indebtedness | |
| dc.relation.publicationcategory | Kitap Bölümü - Uluslararası | |
| dc.rights | info:eu-repo/semantics/closedAccess | |
| dc.snmz | KA_Scopus_20260402 | |
| dc.subject | Finance | |
| dc.subject | Business Models | |
| dc.subject | Consumer Credits | |
| dc.subject | E- Commerces | |
| dc.subject | European Union | |
| dc.subject | Financial Literacy | |
| dc.subject | Impulse Buying | |
| dc.subject | Consumer Protection | |
| dc.title | Buy now, pain later? Over-indebtedness of young individuals* | |
| dc.type | Book Chapter |
