Users were stunned when they noticed a new finance option appear on the popular takeaway app
Money Saving Expert Martin Lewis has issued a warning to Deliveroo users after reports that takeaway food was being offered on finance.
Klarna is a finance service that doesn't charge interest or implement late fees for delayed payments. The move brought in a wave of criticism, with many suggesting that the app is encouraging shoppers to build up debt during a time of extreme financial uncertainty. Posting on Twitter, Mr Lewis slammed the app, saying: "Dear @Deliveroo do you really need pump debt as a way to pay for takeaways? Buy Now Pay Later may seem innocuous but it is 1) Not yet regulated 2) Debt, even if done right its 0%.Despite its many alluring options compared to other financial services, it's important to note that Klarna has the ability to pass arrears on to debt collectors, increasing financial stress on users that are unable to make the payments.
"Failure to repay a credit deal can have a huge impact on your finances if the debt collectors are summoned - and people should not be encouraged to borrow for essentials like food that can be obtained much cheaper by visiting a shop."
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