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Buy now, pay later

ÃÛÑ¿´«Ã½ business reporter, Lora Jones, breaks down how buy now, pay later schemes work and what the risks are.

Around this time of year - you might be thinking about using a buy now, pay later scheme to buy presents or a treat. For some, the temptation may be even greater at the moment - with many household finances under strain because of the rising cost of living.

ÃÛÑ¿´«Ã½ business reporter Lora Jones breaks down how it works, what the risks are, and how to use it safely.

Image credit: via Getty Images.

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6 minutes