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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…
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Buy now pay later: How does it work?
More people are opting to use buy now pay later (BNPL) services for their shopping than last year, according to new data revealed to Panorama. An estimated 15 million adults of all ages in the UK are actively using this form of credit, an increase of more than two million since the start of the…
