In this episode of You Have My Interest, we take a deep dive into the new regulations affecting Buy Now Pay Later (BNPL) services in Australia and what they mean for everyday consumers. From 10 June, providers like Afterpay and Zip must operate as regulated credit products. This means holding an Australian credit licence, performing checks on new applicants, and reporting repayments and missed payments to credit bureaus.

We explore how these changes can impact your credit score, especially if you are a heavy BNPL user or frequently apply across multiple providers. We also share practical advice for home loan seekers, including the importance of staying on top of repayments, how outstanding BNPL limits can influence your borrowing capacity, and why even small debts may matter.

Join us for practical tips on managing BNPL facilities, protecting your credit, and understanding how lenders view these products when assessing your borrowing power.

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You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest's content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.

It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal and tax requirements.

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