Purchase Now Pay Later regulation is one step ahead – but it won’t fix the possible lack of choices for borrowers

Purchase Now Pay Later regulation is one step ahead – but it won’t fix the possible lack of choices for borrowers

The industry that is whole to step-up and provide more credit options

It had been good to see on Tuesday that Christopher Woolard’s review into unsecured credit identified the necessity for a wider array of customer alternatives.

While there are a few signs that are worrying Buy Now spend Later is leading some customers to develop issue debts (simply search Klarna on Twitter or TikTok to see people complaining – often even bragging – about their outstanding balances), other people are utilizing the solutions without any problems.

i’s cash publication: cost savings and investment advice

Credit is changing quickly

It really is apparent the FCA would like to move out in the front for this therefore it can’t be accused of dropping the ball since it ended up being with Wonga along with other pay day loan providers. Continue reading »