Paid off, now skint. Bank account RIP. Just two of the odes on Twitter to the joy of “buy now, pay later”, which according to one user is “so good until you realise you have a £361 bill”. Fintech companies like Klarna, Laybuy and Clearpay are at the forefront of retailers’ efforts to acquire more customers and persuade them to spend more and return less.
But charities are warning that their appealing no-interest message risks breeding a new generation of debt junkies.
