More young people are getting into debt as they use buy now, pay later in order to afford food, charities have said.
Firms such as Clearpay, Zilch and Klarna let people pay their debt off over a short period, but many charge a fee if payments are missed.
Molly Dixon went “cold turkey” after some of her friends ran up “500 worth of debt they can’t pay” and she “never wants it to get to that point”.
The UK government said it was ensuring schemes were “safe and regulated”.
Richard Lane, director of external affairs at Step Change, said the debt charity had seen “more and more young people coming to us” with buy now, pay later debt since the start of the cost of living crisis.
He added: “These products a…
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