Never heard of it until i passively read it was appearing on credit files a while ago but didnt pay any attention. Seems its a buy now pay later service that charges 4-6% to retailers for people to buy on it and its aimed at under 30's, heavily clothing based, allowing them to buy clothes they cant afford.
They take weekly payments and seems they will add £6 per missed payment per week upto £24 a week in missed payments before they start handing it out to debt collection. Cant help but think this can be dangerous in a fast fashion young persons hands. Especially OP's "sister" if she cant even read that they do a credit check. I think BNPL accounts appearing on your credit file is looked down upon by some lenders too.
They take weekly payments and seems they will add £6 per missed payment per week upto £24 a week in missed payments before they start handing it out to debt collection. Cant help but think this can be dangerous in a fast fashion young persons hands. Especially OP's "sister" if she cant even read that they do a credit check. I think BNPL accounts appearing on your credit file is looked down upon by some lenders too.
