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About 10% of 'buy now, pay later' shoppers pursued by debt collectors, U.K. study finds

By Steve Goldstein

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) and Afterpay , which has agreed to be purchased by Square (SQ), are major providers as well as Klarna.

Shortly after midday, the FTSE 100 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 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.

-Steve Goldstein


(END) Dow Jones Newswires

09-03-21 0738ET

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