17 May 2018

'Buy now, pay later' fans warned about finance fishhooks

From Morning Report, 8:26 am on 17 May 2018

Budget advisers are warning online shoppers of the potential risks of buy-now pay-later options that are becoming increasingly popular. About 3000New Zealand retailers now offer the service described as the millenial's version of layby, where for as little as five dollars goods are delivered to your door immediately but are paid off over six weeks to eight weeks. Consumer affairs reporter Emma Hatton has more.