Don't get caught out by new Buy Now Pay Later rules

New regulations for Buy Now Pay Later services now require lenders to be authorised by the regulator. These changes introduce stricter affordability checks, which may result in some users being blocked from accessing these financial services. Consequently, individuals are being advised on how to navigate these updated rules to avoid being caught out by the new requirements. The focus remains on ensuring that lenders operate under official authorisation while implementing these mandatory credit assessments for all customers.