About 10% of 'buy now, pay later' shoppers pursued by debt collectors, U.K. study finds

Dow Jones2021-09-03

A study finds that one in 10 who use the increasingly popular "buy now, pay later" are being pursued by debt collectors.

The report from the Citizens Advice was based on a survey of 2,000 adult shoppers, and the proportion rises to one in eight for those between 18 and 24-year-old.

In the U.K., Klarna and Laybuy are popular BNPL providers, and in the U.S., Affirm $(AFRM)$ and Afterpay , which has agreed to be purchased by Square $(SQ)$, are major providers as well as Klarna.

Shortly after midday, the FTSE 100 edged up 0.2% to 7,177.30, as traders awaited the U.S.'s monthly jobs report.

In the FTSE 250, emerging-markets fund manager Ashmore fell more than 5% as its earnings before interest, tax, depreciation and amortization, aka Ebitda, for the June-ending fiscal year came in below consensus estimates, as it experienced margin pressure on fees.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • beebeeyan
    2021-09-05
    beebeeyan
    ok
  • SPOT_ON
    2021-09-05
    SPOT_ON
    Like n follow 
  • PS153
    2021-09-04
    PS153
    good stock to buyplease give a like n comment.  thanks
  • Tanyl
    2021-09-03
    Tanyl
    Can try to buy Affirm
  • Imgoh
    2021-09-03
    Imgoh
    Buy now pay later will easily overspend
  • JANICELSJ
    2021-09-03
    JANICELSJ
    Like please
Leave a comment
17