One in five UK adults uses 'buy now, pay later' services such as Klarna and Clearpay to spread the cost of online purchases. Earlier this month, new government regulations came into force, giving consumers stronger protections when using these services.

In this episode of Which? Money, our money editor Grace Witherden tells us what the new regulations mean for you.

Grace also shares examples from previous Which? investigations that show why we have been campaigning for stronger protections, and why these changes were long overdue.

Plus, Kate Pender, CEO of Fair4All Finance, explains how these changes could come with major trade-offs that will directly impact the borrowers who need flexible credit the most.

Read more about the 'buy now, pay later' changes on our website & sign up for our free weekly Money newsletter

Read more about Fair4All Finance on their website & read our guide to Section 75

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