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Buy now, pay later and the revolving door of debt
Buy now, pay later services like Afterpay and Zip offer an easy alternative avenue of credit, attracting millions of users in Australia. A treasury paper released this week warns that these platforms are landing vulnerable people in a spiral of debt and the Albanese government is considering new laws to protect consumers Reporter Jordyn Beazley speaks to Laura Murphy-Oates about the true cost of buy now, pay later