Buy now, pay later: Stricter checks will block some shoppers
Source: BBC
Kevin PeacheyCost of living correspondentGetty ImagesShoppers using buy now, pay later (BNPL) will need to pass stricter affordability checks under new rules coming into force next July.It means some shoppers will be refused this type of credit and the ability to splash out on something potentially unaffordable in a few clicks could be slowed down.Regulators say it will prevent people from taking on too much debt…
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