8 May 2023

After-pay services trap people in poverty cycle

From Midday Report, 12:14 pm on 8 May 2023

A budget advisor in south Auckland says buy now - pay later schemes are an addictive problem for those struggling to cope with the cost of living.

The latest figures show a record 10-and-a-half per cent of buy- now pay- later customers were in debt at the end of March.

Carla McMaster is a financial mentor at Papakura Budgeting Service and spoke to Max Towle.