Are ‘buy now, pay later’ services trapping people in debt? | News

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Are ‘buy now, pay later’ services trapping people in debt? | News


‘Buy now, pay later’ schemes are booming. But with more users turning to them, are they as risk-free as they seem?

“Buy now, pay later” has become a retail fixture seemingly overnight, and Cyber Monday is set to be the services’ biggest sales day yet. But as these payment options offer customers freedom and flexibility, are they also opening the door to a wave of unregulated debt?

 


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