Analysis by the University of Edinburgh found that one in 10 public sector and NHS staff, who were initially rejected for a more conventional loan on the basis that they could not afford to repay it, went on to secure credit from buy now, pay later (BNPL) firms last year.
Researchers also found that the overall use of BNPL products among public sector employees had “increased significantly” relative to other credit and loans, and that it was starting to displace other non-traditional lenders such as those offering high-interest payday loans.
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