Buy Now Pay Later schemes trapping Tasmanians in debt, but regulation could be on the way

Adam Holmes
By Adam Holmes
December 9 2021 - 5:00am
Some of the Buy Now Pay Later players in the Australian market, prompting calls for the sector to be regulated.

Some Tasmanians are spending up to 30 per cent of their fortnightly income on late fees and repayments for Buy Now Pay Later loans which are then sending them further into debt, the No Interest Loans Scheme Tasmania is reporting.

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Adam Holmes

Adam Holmes

Journalist at The Examiner and Advocate, Tasmania

From Adelaide to south-west Victoria, Bendigo to Tasmania, I've provided in-depth stories in politics, environmental affairs, issues facing disadvantaged communities, legal affairs and much more. Contact me at adam.holmes@examiner.com.au or on Twitter at @adamholmes010

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