Fashion > Shopping

The surge in ‘buy now pay later' - and why we should be worried

1 month ago   |   By The Guardian

Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Retailers love it of course, but all this unregulated lending is ringing alarm bells Shoppers tempted by Boohoo's bestselling satin skater dress are bombarded by options to pay for it using today's hottest form of consumer credit - “buy now, pay later”.The fast-fashion website gives shoppers four ways to pay for the £30 dress in instalments: from three monthly payments of £10 with Klarna, to six weekly lots of £5 with Laybuy. Even those trying to buy it outright using a debit or credit card see...
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