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Gareth Shaw, Which? Head of Money, said: “Our research shows that shoppers are being bombarded with Buy Now, Pay Later (BNPL) schemes at the biggest retailers, often with no information or warnings about the risks of late fees or getting into debt, so it’s very concerning to see such a huge amount of debt related […]
Online shoppers are being bombarded with Buy Now Pay Later (BNPL) payment options at the checkout, often with little or no information about late fees, credit checks and the risk of falling into debt, a Which? investigation of more than 100 major retailers has found. Which? looked at 111 of the biggest online retailers in […]
A new Which? survey finds millions of people relied on credit to pay for Christmas and feel their budgets will be squeezed even tighter next year. With living standards squeezed and household bills continuing to rise, our survey finds people aren’t relishing their prospects for next year, with half (49%) of people expecting their household […]
In response to the announcement today from the Office of Fair Trading (OFT) on the payday loan sector Which? executive director Richard Lloyd said: “We’re pleased the Government and regulators are planning tough action to crack down on irresponsible lending, especially on high-cost lenders that exploit consumers struggling to get by in tough economic times. “Which? research has […]
In response to today’s announcement on payday loans Which? executive director Richard Lloyd said: “It’s time for a crackdown on irresponsible lending, especially for high cost lenders who are exploiting consumers struggling in the current economic climate, so we’re pleased to see the Government planning tough action. “We want to see the regulators immediately crack down on payday […]