Buy-now-pay-later borrowers rake in cash as families feel financial pinch - Sydney Morning Herald

Families borrowing from “subprime lenders” are loading up on buy-now-pay-later products and credit card debt just to cover their essentials.

Often, these are essential expenses like household bills and utilities, and even food. The problem with payday loans is that they tend to make the persons situation worse. Because repayments can be … [+3628 chars]

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