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London Markets: About 10% of ‘buy now, pay later’ shoppers pursued by debt collectors, U.K. study finds

A study finds that one in 10 who use the increasingly popular “buy now, pay later” are being pursued by debt collectors.

The report from the Citizens Advice was based on a survey of 2,000 adult shoppers, and the proportion rises to one in eight for those between 18 and 24-year-old.

In the U.K., Klarna and Laybuy are popular BNPL providers, and in the U.S., Affirm
AFRM,
+2.60%

and Afterpay
APT,
-2.77%
,
which has agreed to be purchased by Square
SQ,
-0.86%
,
are major providers as well as Klarna.

Shortly after midday, the FTSE 100
UKX,
+0.19%

edged up 0.2% to 7,177.30, as traders awaited the U.S.’s monthly jobs report.

In the FTSE 250, emerging-markets fund manager Ashmore
ASHM,
-3.09%

fell more than 5% as its earnings before interest, tax, depreciation and amortization, aka Ebitda, for the June-ending fiscal year came in below consensus estimates, as it experienced margin pressure on fees.

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