Does buy now, pay later need tighter regulation?
Buy now, pay later (BNPL) providers say their new self-regulation code of conduct is sufficient. We’re not so sure.
Personal Loans
Buy now, pay later: The modern debt trap
Most people use BNPL services such as Afterpay and Zip with few issues, but for some the easy access to credit can lead to financial distress.
Are wage advances the new payday loans?
Profiting from people living pay cheque to pay cheque may put Beforepay and MyPayNow at odds with their lofty marketing.
More than one in 10 Australians using buy now, pay later, just to get by
The results of our latest Consumer Pulse survey show that BNPL platforms are not just for life’s little extras’.
CHOICE slams government wind-back of responsible lending laws
Removing credit protections will cause harm to people and the economy.
Predatory lender Cigno faces second ASIC intervention
ASIC used its intervention powers to ban Cigno’s lending model last year. Now it’s looking to ban Cigno’s revamped model, too.
The risks of using Afterpay and ZipPay to fund Christmas
Financial Rights Legal Centre warns against ‘buy now, pay later’ loans.
CHOICE stands up to payday loan bullies
We join the call for more government action to protect Australians from dodgy payday lenders.
Why you should avoid payday loans
Fast-fix payday loans may seem like a good idea, but dodgy lenders are taking advantage of Australians.
The trouble with using ‘buy now, pay later’ services like Afterpay and ZipPay
They may help if you’re cash-strapped, but can pave the way to financial distress.