The hidden risks of buy now, pay later services
Source: Getty Images/Fiordaliso
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The 'Buy now, pay later' schemes are becoming increasingly popular among shoppers in Australia, with the total value of purchases rising to over $5.6 billion in 2018-19. But there are growing concerns that people making multiple buy-now-pay-later purchases simultaneously may lose control of their debt management and fall into financial hardship.
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