There are now 5 million people borrowing £2.7bn from services like Klarna, Clearpay and Laybuy as sales in online retail surged in 2020.
But almost 9 million people, many of them among Britain’s poorest, were forced to increase their borrowing last year to cope with the pandemic.
Find out how these new changes will impact you if you’re a Barclaycard customer.
Recent research found that 18 million people in Britain worry about money daily and nearly 1 in 5 have mental health issues as a direct result of financial anxiety.
What do the new changes to the way overdraft fees are charged mean for you?
This month, StepChange revealed there is already £6bn of personal debt directly attributable to the pandemic.
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