Customers forego necessities to repay purchase now pay later debt

Selection Managing Editor Margaret Rafferty says purchase now pay later schemes are “straightforward” to join as individuals who have a number of accounts find yourself foregoing necessities to pay again loans.“It’s very straightforward to enroll to them and we’ve heard tales of individuals having a number of accounts throughout totally different suppliers,” Ms Rafferty informed Sky Information Australia.

“They’re so busy paying again these instalments and so stretched with a view to try this that they’re going with out different necessities with a view to pay again that debt.”