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Is buy now, pay later a modern debt trap?


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Need to know
Financial counsellors say the number of vulnerable customers getting into financial difficulty with BNPL is on the rise  
Many customers have multiple BNPL accounts
Some customers are using payday loans to cover BNPL debts 
For Leash Sullivan, a 34-year-old single mother who lives in the suburbs of Adelaide, the last year has been tough. She works in hospitality and events and saw her hours greatly reduced during the coronavirus pandemic, which meant she increasingly had to rely on government support payments through JobSeeker. ....

South Australia , Nick Kyrgios , Fiona Guthrie , Julia Davis , Consumer Policy Research Centre , National Debt Helpline , National Credit Code , Australian Financial Industry Association , National Debt Helplineon , Financial Rights Legal Centre , Indigenous Consumer Assistance Network , School Of Marketing At Curtin Business , Community Icon , Leash Sullivan , Counselling Australia , Zack Wildy , Billy Sung , Curtin Business School , Financial Counselling Australia , தெற்கு ஆஸ்திரேலியா , பியோனா குத்ரி , ஜூலியா டேவிஸ் , நுகர்வோர் பாலிஸீ ஆராய்ச்சி மையம் , தேசிய கடன் ஹெல்ப்லைன் , தேசிய கடன் குறியீடு , ஆஸ்திரேலிய நிதி தொழில் சங்கம் ,