Fears of spiralling debt as ‘buy now pay later’ credit quadruples in UK | Borrowing & debt
Ministers are being urged to intervene over a surge in unregulated “buy now, pay later” credit after the amount UK consumers spend online using such deals rose up to £1.7bn a month. Debt advisers warn that many people are routinely resorting to deferred payments to buy household essentials. Any consumer who then misses payments risks … Read more