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Love Island stars 'promoting buy now, pay later firms that lure young into debt'

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06.02.2021 - 23:45

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Love Island stars are using their social media to promote “buy now, pay later” firms accused of luring young people into problem debt.

Amy Hart, Olivia Bowen, India Reynolds, Lucie Donlan and Belle Hassan have name-checked them in posts on Instagram. They have plugged fast fashion brand Boohoo with the words “shop now pay later with Klarna”.

Millions use “buy now, pay later” services run by Klarna and rivals Clearpay and Laybuy to spread payments without paying interest.

Because there are no credit checks, experts believe shoppers are more likely to spend what they cannot afford. Martin Lewis, of MoneySavingExpert.com, said: “There has been an explosion of buy now, pay later (BNPL) lending over the last few years, often targeted at young

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