What our founder Laura said on the BBC this week
This week Laura was on BBC Morning Live with Gethin Jones and Kym Marsh, explaining the big changes coming to Buy Now Pay Later and what they mean for the millions of people using it every day.
What is Buy Now Pay Later?
Buy Now Pay Later (BNPL) products let you split the cost of a purchase into instalments – often interest-free paid over a few weeks or months.
From 15th July 2026, BNPL firms will be regulated by the FCA – just as high street banks and credit card companies are. That means they’ll have to carry out proper affordability checks before lending to customers, give clearer information upfront, and provide more support if people fall into difficulty.
Right now, it’s relatively easy to end up with several BNPL purchases running across different apps with very little oversight. These new rules are designed to change that.
Save now, buy later?
The biggest thing to bear in mind is that using BNPL is still borrowing, even though its for a relatively short period of time and may well be interest free.
Where possible, it’s better to save up in advance for pay for things with your own money – rather than using BNPL (where we typically overspend significantly).
Need help ditching Buy Now Pay Later? Check out our guide here.
You can catch the segment on BBC iPlayer.