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The ‘really dangerous’ trend occurring in households across Australia

3AW Breakfast
Article image for The ‘really dangerous’ trend occurring in households across Australia

Almost a third of ‘buy now, pay later’ users are skipping paying household bills to meet their repayments.

A survey from Finder shows people who use services like Afterpay, Zip or Klarna are ignoring their everyday expenses, to pay off short-term loans.

Money expert at Finder, Sarah Megginson, believes the trend is “really dangerous”.

Press PLAY to hear her explain why 

New laws to regulate the sector and classify the services as credit products will be brought in by the end of the year.

Image: Getty iStock  

 

 

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