‘Pay later’ operators providing large loans without a credit licence
Elepay and Futurerent offer property owners huge lines of credit, and consumer advocates are sounding the alarm.
Personal Loans
Free vs paid bankruptcy advice
A range of companies offer bankruptcy advice for a fee, but is their advice trustworthy?
Buy now, pay later failing family violence victims
Support workers advocating for victims of family violence say undertrained BNPL providers are making inappropriate requests.
New government commits to BNPL regulation
CHOICE and consumer groups welcome the Financial Services Minister’s commitment to regulate the buy now, pay later sector.
Coalition of consumer groups calls for the next Parliament to regulate BNPL
CHOICE joins more than 100 organisations calling for a commitment to reining in the unregulated buy now, pay later sector.
Car dealers using buy now, pay later to get around responsible lending limits
CHOICE joins WA consumer groups to express alarm at reports of car dealers arranging BNPL loans for warranties.
Will using Afterpay affect your ability to get a home loan?
Afterpay users have been asked to close accounts to get a home loan, as BNPL providers expand into essential services.
Indigenous students still struggling with debt legacy from education loan scandal
The laptops for education scandal has left some students with an ongoing debt legacy even years later.
Financial giants enter the buy now, pay later market
But are the new BNPL services from Commonwealth Bank and PayPal any better for consumers?
Are there better options than buy now, pay later?
BNPL services might seem fast and attractive to many consumers, but there are better options out there.