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Telco and Credit Providers Voted the Worst for Customer Service

Is buy now, pay later a modern debt trap?

Checked for accuracy by our qualified fact-checkers and verifiers. Find out more about fact-checking at CHOICE. 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.

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