What are the new rules for buy now, pay later, and how do they affect you? In this episode, Kate Pender, CEO of Fair For All Finance, explains the recent changes in Buy Now Pay Later regulations in the UK, how they impact consumers, and why access to credit is especially crucial for women. She discusses the risks, benefits, and practical steps for managing finances in a changing credit landscape.The episode covers:
Buy Now Pay Later regulation changes in the UK
Impact of credit checks on consumers
Why women have less financial resilience
Risks of easy online credit- Role of affordability checks in lending
Benefits of financial support schemes like Help to Save
The illegal lending market and its dangers
Practical advice for financial management
You can find out more about Kate's work at Fair4AllFinance on its website:
https://fair4allfinance.org.uk/
You can learn more about the BNPL rule changes here:
https://fair4allfinance.org.uk/fca-regulations-begin-on-buy-now-pay-later/
*Disclaimer: The content on this channel is for educational and information purposes only and does not constitute professional financial advice.*
If you are in financial distress, please contact Citizens Advice, Step Change or the Samaritans.
Links below.
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