Article 65V0N Buy now, pay later schemes increasingly an avenue for financial abuse, report finds

Buy now, pay later schemes increasingly an avenue for financial abuse, report finds

by
Jordyn Beazley
from World news | The Guardian on (#65V0N)

A quarter of financial counsellors surveyed said at least half the women seeking help had been coerced into acquiring BNPL debts

It started with Afterpay, Phoebe* says.

Over four years, her former partner coerced her into opening 12 buy now, pay later accounts with different providers, which he used to rack up more than $5,000 of debt in her name.

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