This is Money·3 min read·medium
The 1.6million shoppers who could be blocked from using 'buy now, pay later' deals like Klarna TODAY
✦AI Summary
A report highlights that 1.6 million UK shoppers could face restrictions on using 'buy now, pay later' services due to new regulatory scrutiny. The article explores how consumers often use these services without fully realizing they are incurring debt.
The first time Chloe used buy now, pay later (BNPL), she didn't even realise she was taking on a form of debt. She was buying make-up online in 2020 when she was given the option to defer her £150 bill for 30 days. And because the 25-year-old's payme... [11181 chars]
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