Insight
Title:
People are becoming more reliant on retail credit
Description:
From: To ‘Apple Pay Later’ or not to... What Buy Now Pay Later Shopping Sprees Could Cost You
- Nearly half of adults under 35 don’t own a credit card, but a third use BNPL to help with cashflow.
- Citizens Advice reported that one in 12 people are using Buy-Now-Pay-Later (BNPL) services.
- Around 17million UK shoppers use retail credit.