Its an old ploy: offer interest-free loans and cash in as people fail to pay up. But now a new twist is targeting young buyersThe prospect of buying a sofa or a new kitchen used to be an intimidating prospect for many households a large outlay that would blow the budget. But then came buy now, pay later credit, which meant families could buy in store and spread payments over a few years.These loans soon gained a bad reputation and shrank away, but did not vanish. Now they have re-emerged, rebranded and aimed at a technologically aware generation of shopper while also being blamed in part for the mushrooming debt that UK consumers are drowning in. Continue reading...
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