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Know the New BNPL Rules
Buy Now Pay Later (BNPL) has been regulated since July, requiring lenders such as Klarna and Clearpay to conduct affordability checks that can block purchases or reduce borrowing limits. To avoid financial difficulties, shoppers are advised to reconsider non-essential purchases, cancel subscriptions and seek help from debt charities if they rely on BNPL for essentials. People struggling with repayments should contact free debt-advice services and make a plan for what they owe.
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