Struggling with buy now, pay later debt? Here’s what to do
The repayments can easily become overwhelming. We explain how to start getting your finances back on track.
Personal Loans
Financial counsellors sound the alarm about Afterpay Plus
The subscription platform uses Apple Pay, Google Pay or Samsung Pay to activate a loan, and cancellation is discouraged.
Cigno payday loan charging 800% declared illegal
People with these types of loans told to stop paying and seek a refund.
Australians pressured to take out BNPL loans they can’t afford
Retailers are exploiting loopholes in lending laws to convince shoppers to take out large buy now, pay later loans.
Government announces ‘balanced’ BNPL reforms
Consumer groups and financial counsellors are cautiously optimistic about the long-awaited buy now, pay later reforms.
Op-ed: It’s time to regulate the growing BNPL sector
More and more people are using buy now, pay later services, but regulation of the sector under the Credit Act is still lacking.
What can Australia learn from how other countries are regulating buy now, pay later?
Jurisdictions around the world are taking different approaches to regulating the booming buy now, pay later credit industry.
Zip Pay and Afterpay users say they’re being charged for goods they’ll never receive
Brosa customers who used these services say they continue to be charged for non-deliverable goods.
Banks and industry groups join the call to regulate BNPL
Banks, industry groups and others support full regulation of BNPL products under financial laws.
CHOICE calls on government to regulate buy now, pay later industry
In a joint submission, CHOICE and allies say the time has come to impose the Credit Act on self-regulated BNPL providers.