The Australian Securities and Investments Commission (ASIC) revealed that some consumers are having to cut down on essentials such as meals because of surging debt that they have racked up from using buy now, pay later, services. Furthermore, along with an overwhelming increase in the number of users of this service,  the number of defaulters have also skyrocketed. There are various concerns that are being raised with regards to this service. To delve further into this, we were joined by Professor Rob Nicholls, Associate Professor in Business Law at UNSW.