By Tom Espiner
Business reporter, BBC News
Jordan has been chased by debt collection agencies after falling behind on payments for clothes.
The 23-year-old bought a winter coat using Buy Now Pay Later when employed, but then lost his job.
According to Citizens Advice, one on ten shoppers who use this type of credit end up being chased by debt collectors.
The Treasury said it was “stepping in and regulating” the market so people “are treated fairly”.
Jordan started using Buy Now Pay Later after seeing it advertised on social media apps and on the iPhone app store. He decided to use it to buy a coat for 200.
“It was quite cold, it was the winter, and at that point I didn’t have a lot of clothes,” he said. “I was in …
Read the full article at: https://www.bbc.com/news/business-58423924
