Australians are seeking out buy now, pay later options to cover daily essentials at an alarming rate, as more people struggle to survive
Australians are seeking out buy now, pay-later loans to cover basics such as food and rent at an alarming rate as their empty bank accounts make it a struggle to survive.
"We've heard from financial counsellors, who assist people with debt, that some people have 10 or 11 loans," Mr Veyret said. Real Estate Institute of Queensland chief executive Antonia Mercorella said it was a concerning trend brought about by increasing rental costs.
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