Black Friday is here and Christmas is coming – bringing store shelves and websites packed with tempting items plus TV adverts and promotions to get us spending to ensure we have a perfect festive season.
But what happens if you haven’t got the money to make those purchases? Rather than going without, many shoppers are turning to buy-now-pay-later (BNPL) schemes – laying down a small amount and committing to pay the rest in instalments
With more of us choosing to shop online, it has never been easier to buy things at the touch of a button, with the option to pay in full or via deferred payment services, like Klarna.
Now a new project involving Swansea University seeks to find out how people cope with their shopping payments…