People are taking more risks with "buy now pay later" schemes as cost of living pressures create desperate situations, leading to experts calling on the next federal government to make these products safer.
Deb Shroot is a Canberra-based financial counsellor for the National Debt Helpline and says the people resorting to these schemes "don't seem to have enough money" due to the ACT becoming more expensive.
"A few years ago we were finding a few clients presenting with this, and now I would say that most of our clients or 80 per cent of clients who call up would have at least one 'buy now pay later' product," she said.
