More Americans using loans to cover everyday bills, report shows

More Americans are using personal loans to cover everyday expenses, with 8.2% of borrowers now using them for basic bills, up from 3.4% three years ago. Gen Z is the most likely age group to rely on such loans, and 'buy now, pay later' loans are increasingly used for essentials like groceries rather than larger purchases. LendingTree warns of challenges in managing multiple loans and advises borrowers to track payments and understand their financial limits.