The Buy Now Pay Later Debt Trap

September 05, 2021 00:19:33
The Buy Now Pay Later Debt Trap
Digital Finance Analytics (DFA) Blog
The Buy Now Pay Later Debt Trap

Sep 05 2021 | 00:19:33

/

Show Notes

Research from the UK shows one in ten users of Buy Now Pay Later end up with contact from debt collectors, while in the UK and NZ, BNPL are deemed as credit products. But in Australia, we are pursuing a different and more relaxed path, despite the high volume of late payment fees, despite the harm.

Go to the Walk The World Universe at https://walktheworld.com.au/

https://www.citizensadvice.org.uk/about-us/about-us1/media/press-releases/one-in-10-buy-now-pay-later-shoppers-have-been-chased-by-debt-collectors/

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-280mr-asic-releases-latest-data-on-buy-now-pay-later-industry/

Other Episodes

Episode

February 26, 2025 00:37:20
Episode Cover

Truly Empowered By AI!

Today I catch up with CEO and Founder of Ro&, an Australian based AI application which is bringing real world capability to the video...

Listen

Episode

October 06, 2019 00:06:37
Episode Cover

The Insurance Renewal Trap [Podcast]

Research shows there is no reward for loyalty, it pays to shop around. Share this:EmailPrintTwitterFacebookLinkedInReddit

Listen

Episode 0

February 21, 2022 00:55:17
Episode Cover

Its Edwin's Monday Evening Property Rant! [Podcast]

My latest with Edwin Almeida, in a thunderstorm. Which is up and which is down? https://www.ribbonproperty.com.au/ Go to the Walk The World Universe at...

Listen