You are not alone if you have ever made an online purchase and clicked "Buy Now, Pay Later" (BNPL).

In fact, you’re in the company of millions of Americans who’ve embraced this modern twist on layaway.

The promise is simple: get what you want today, pay for it in manageable, interest-free installments, and keep your credit card balance untouched. Sounds like a win-win, right?

But as many of us know, sometimes what glitters isn’t gold. The BNPL boom has brought convenience, but it’s also left a growing number of folks tangled in unexpected debt—and the fees and consequences can sneak up fast.


If you’re feeling the pinch, don’t worry: there are secret programs and smart strategies that can help you wipe out your BNPL debt and get back on solid financial ground.

Let’s start with the basics. BNPL services like Afterpay, Affirm, Klarna, and others have exploded in popularity, especially since the pandemic pushed more of us to shop from the comfort of our living rooms.

The appeal is obvious: you get your purchase right away, and as long as you make your payments on time, you avoid interest.


But here’s the catch: the ease of BNPL can make it all too tempting to buy more than you can comfortably afford.

And if you miss a payment? Late fees, debt collectors, and a dinged credit score could be waiting in the wings.

Recent data from LendingTree paints a sobering picture: at least 40% of BNPL users have missed a payment this year, up from 34% last year.

Defaults are on the rise, and if you fall behind, your debt could be sold to collectors—potentially impacting your credit for years to come.


For many, BNPL starts as a helpful budgeting tool. But with multiple purchases and overlapping payment schedules, it’s easy to lose track.

Unlike traditional credit cards, BNPL loans are often “unsecured,” meaning there’s no collateral, but that doesn’t mean there aren’t consequences for missing payments.

Worse, some retailers run their own BNPL programs and may be less flexible if you hit a rough patch.

If you can’t pay, they might send your debt straight to collections or report it as defaulted—no negotiation, no mercy.


Here’s the good news: you’re not powerless. There are several under-the-radar programs and strategies that can help you tackle BNPL debt before it spirals out of control.

1. Negotiate with Your BNPL Provider​

Many BNPL debts are unsecured, just like credit cards. That means you can sometimes negotiate directly with the provider. If you’re struggling, reach out and explain your situation. Some companies may offer:

• Payment deferrals (a temporary pause on payments)
• Modified payment plans (smaller, more manageable installments)
• Settlement offers (paying a lump sum that’s less than the total owed)

But be aware: not all providers are open to negotiation, especially if they’re retailers managing their own BNPL programs. In some cases, they may refuse to negotiate and send your debt straight to collections. It’s always worth asking, but don’t count on this as your only option.

2. Debt Consolidation: Simplify and Save​

If you’re juggling multiple BNPL plans (and maybe a few credit cards, too), debt consolidation could be your ticket to freedom. Here’s how it works:

• Take out a personal loan with a lower interest rate from your bank or credit union.
• Use that loan to pay off all your BNPL and credit card balances.
• Now you have just one monthly payment to manage—often at a lower rate.

This approach can make your debt more manageable and may even save you money in the long run.


Also read: Well-known apparel brand to exit US storefronts and transition to online-only model

3. Debt Relief Programs: Professional Help When You Need It​

If your debt feels overwhelming, don’t be afraid to call in the pros. Reputable debt relief companies like Freedom Debt Relief, Accredited Debt Relief, National Debt Relief, and Americor specialize in helping people negotiate, settle, or consolidate their debts—including BNPL balances.

These programs can:

• Negotiate with creditors on your behalf
• Help you settle for less than you owe
• Set up structured repayment plans

Just be sure to do your homework—look for companies with strong reviews and clear, upfront fees.

4. Credit Counseling: A Roadmap to Recovery​

Sometimes, all you need is a little guidance. Nonprofit credit counseling agencies can help you:

• Review your finances and debts
• Create a personalized repayment plan
• Learn strategies to avoid future debt traps

A good credit counselor can be a lifeline, especially if you’re feeling overwhelmed or unsure where to start.


Also read: Is “Buy Now Pay Later” secretly sabotaging your financial future? What you need to know before your next purchase!

5. Know Your Rights and Protect Your Credit​

If your BNPL debt is sent to collections, don’t panic. You have rights under the Fair Debt Collection Practices Act (FDCPA). Collectors can’t harass you, and you have the right to dispute debts you don’t recognize. If you’re contacted by a collector, ask for written verification of the debt before making any payments.

And remember: missed BNPL payments can show up on your credit report, so act quickly to resolve any issues before they escalate.

BNPL isn’t the only debt Americans are struggling with. According to LendingTree, states like New Jersey, Maryland, Connecticut, and California have average credit card debts topping $9,000.

It’s a reminder that debt is a national issue—and you’re not alone in facing it.

Read next: Are your online shopping costs about to skyrocket? What you need to know before the August 29 law hits
Have you used Buy Now, Pay Later? Did it help you, or did it lead to unexpected debt? Have you tried negotiating with a provider or used a debt relief program?