It is not. https://tradingeconomics.com/country-list/private-debt-to-gd...
The widespread use with "buy now pay later" also counters your wildly baseless claim. Klarna, PayPal 30 days etc.
Just because you have to use Klarna doesn't mean you pay later as you can just select your debit card or even bank account directly.
Your link counts all types of debt including mortgages which is the reason why Luxembourg comes up first.