NZ Debt Is Rising: Why Kiwis Can't Quit Afterpay

Buy now, pay later services like Afterpay can create a dangerous debt cycle because they make large purchases feel affordable by breaking them into small payments, leading users to overspend on items they couldn't afford all at once; while they don't charge interest, late fees can quickly turn interest-free spending into expensive debt, and users often need external financial assistance to escape the cycle.