Tag Archives: debt

Missing Meals to pay off BUY NOW PAY LATER debts

Buy Now Pay Later users are missing meals and essentials to pay their debts, more government data has confirmed. Services like Afterpay, ZipCo, Humm, LayBuy and others are leading young people (in particular) into financial hardship, despite not being classified as credit providers. There are reportedly 9.1 million active BNPL accounts in Australia. 21% of BNPL users rack up late fees, ASIC has reported while 20%

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