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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
APT,
which has agreed to be purchased by Square
SQ,
are major providers as well as Klarna.
Shortly after midday, the FTSE 100
UKX,
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
ASHM,
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.
