Consumer groups urge regulation of "buy now pay later" sector as inflation fuels household debt

With inflation biting into household budgets, financial counsellors say some consumers are resorting to sometimes risky buy now pay later products to make ends meet. 

More than a hundred organisations are urging whoever wins the federal election to ensure buy now pay later is properly regulated as a credit product to protect vulnerable consumers who rack up massive debts with multiple cards. 

I speak with "Alana" who ramped up $8,000 in debt after being approved for seven cards and Fiona Guthrie from Financial Counselling Australia.

I had a broader discussion on ABC NewsRadio