The lack of a clear picture on BNPL debt led Wells Fargo economists Tim Quinlan and Shannon Seery Grein to coin the term “phantom debt.” Despite this, its popularity only continues to grow.

involving ruthless debt collectors and dropping credit scores. Whether you wish to cleanse your credit reports of negative ...

However, because of how these de facto loans are handled, they are being called "phantom debt," since no one knows just how pervasive they are or how much of an anchor they are on the American ...