Martin Lewis warns of potential damage to credit score when using buy now pay later schemes
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dailyrecord.co.ukMartin Lewis has issued a warning to online shoppers using buy now pay later schemes including Klarna, Clearpay and Laybuy.During a segment on The Martin Lewis Money Show Live, the financial journalist explained how buy now pay later schemes are to be regulated by The Financial Conduct Authority (FCA).This is something the founder of MoneySavingExpert.com and other consumer champions have been campaigning for to help protect people using the delayed payment schemes.More online retailers are displaying the option at checkout, where it typically offers payment options in three, interest free instalments, instead of a regular one-off payment for purchases.Martin said: “This is being marketed often at young people, it’s even been talked about.
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