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What Is Phantom Debt?

By Motley Fool Staff – Updated Jun 14, 2025 at 10:35PM

Key Points

  • Phantom debt in BNPL can be hard to track, affecting the broader economic assessment.
  • Users often face delinquencies in BNPL, with some prioritizing these debts over others.
  • BNPL's soft credit checks fail to improve users' credit scores, even with timely payments.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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