Cons of buy now pay later services 1. Gives a false sense of affordability Call me a financial prude but I have a rule when it comes to my spending. Aside from big-ticket items like buying your home, or buying a car; I would not spend money on things that I cannot pay off. I understand that this comes from a position of privilege. But, I also strongly believe in living within my means. And from the survey, you can see that people tend to make financial mistakes specific to BNPL services. I would think that this easy access to credit will give you a false sense of affordability and encourage you to spend more recklessly on your wants.