While BNPL services are convenient, there are also concerning risks associated with choosing this manner of paying for goods, such as:nRegulation: The explosive growth of BNPL firms and how each is structured has skirted some strict federal regulations that govern the credit industry. Current laws require credit card companies to issue credit to only consumers who qualify. By not charging interest on loans, BNPL companies are not regulated in the same way, and long-term use of the service can accumulate debt that will affect consumers’ credit ratings.