Buy Now Pay Later Temptation Triggering A New Year Nightmare
Daily Mirror UK|November 29, 2023
THE festive shopping frenzy is in full swing and debt charities fear too many people will feel pressure to spend more than they can afford, ending up deep in the red in the New Year.
- TRICIA PHILLIPS
Buy Now Pay Later Temptation Triggering A New Year Nightmare

Buy Now Pay Later is the key worry as it is far too easy for people to access - often online it is the most prominent way to pay.

Already, charities such as StepChange and Christians Against Poverty say more than one in 10 of their clients The big issue is of regu so ther consist rules with unmanageable debt have BNPL debts.

Many people are struggling with everyday finances, without the extra strain of Christmas.

Gareth McNab, director of external affairs at Christians Against Poverty, said: "Poverty in our communities is getting worse - it's devastating the lives of millions of people across the UK.

"We are supporting increasing numbers of people who have had to borrow money just to pay for essentials, like food, bills and energy. Income is so low for many that any extra pressure, including Christmas, can leave them in a worse financial situation."

Charities and consumer groups are calling for the government to regulate the BNPL market as currently there is little to protect people when they take out these loans. But it keeps dragging its feet and this continues to leave people at risk.

この蚘事は Daily Mirror UK の November 29, 2023 版に掲茉されおいたす。

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この蚘事は Daily Mirror UK の November 29, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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