a grand to pay back over the next few months. and i think that debt could become really overwhelming. i immediately cancelled all my orders, so i don't have to repay anything. buy— now— pay—later products aren't regulated in the uk, l and that means that people - who borrow with them don't get the same kinds of protections that they do with mainstreamj credit products. in the regulated market, - when you want to borrow money, the lender is required i to perform what's known as an affordability _ assessment and that will look at what are your other outstanding debts. . what's your income? and after you take on this . new loan, would you still be left with enough money for the kind of basic- essentials of life like your. housing, food, kids' school uniforms, those kinds of things. | the review found that there - was an urgent need to regulate, and the treasury and the fca both accepted that finding. from the review. we participated quite heavily in the woolard review and we were supportive of the recommendations that