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The Risks Behind Buy Now, Pay Later Deals
“Buy now, pay later” isn’t new. It’s been around for decades, originally pitched as a way for families to spread the cost of big-ticket items like sofas or washing machines. Back then, the idea was simple: make the essentials affordable without a big lump sum upfront. Fast forward to today and the picture looks very…
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1 in 10 ‘buy now, pay later’ shoppers chased by debt collectors
One in 10 shoppers who use buy now pay later have been chased by debt collectors, according to Citizens Advice. In February the Treasury said services would become a regulated activity policed by the Financial Conduct Authority. Regulators have been urged to crack down on ‘buy now, pay later’ firms after a damning report revealed…
