I can easily afford this $1,700 impulse purchase. Is there any reason why I shouldn't use a buy now, pay later tool?

Core Insights - Klarna's "Pay in 4" option allows users to split purchases into four equal, interest-free payments, appealing to consumers who prefer to manage cash flow while keeping funds in high-yield savings accounts [1][2] - The convenience of Buy Now, Pay Later (BNPL) services can obscure potential risks, particularly for users who may miss payments despite having the financial means to pay [2][3] Group 1: User Behavior and Motivations - A survey indicated that 34% of BNPL users chose services like Klarna primarily for the ability to pay over time without interest, even if they could afford the purchase outright [2] - Convenience and ease of approval are significant factors driving the adoption of BNPL services [2] Group 2: Payment Risks and Structural Issues - BNPL services are designed to be frictionless, which can lead to missed payments; 42% of BNPL users reported at least one late payment in the past year due to various reasons [3] - Unlike traditional credit card bills, BNPL payments are distributed across multiple retailers, increasing the risk of delinquency from issues like failed debits or expired cards [4] - Klarna warns that missed payments may lead to late fees and collections, and these services may report delinquent accounts to credit bureaus [4][5]