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

July 26, 2019 00:12:18
Episode Cover

The RBA On Inflation Targeting [Podcast]

We review the latest from the RBA – is their stance appropriate? Share this:EmailPrintTwitterFacebookLinkedInReddit

Listen

Episode

July 25, 2019 00:26:27
Episode Cover

Some Truths Around Bitcoin [Podcast]

I discuss the latest about Bitcoin, Libra and cryptocurrencies more generally with Alex Saunders from Nuggets News. Share this:EmailPrintTwitterFacebookLinkedInReddit

Listen

Episode

July 27, 2019 00:41:50
Episode Cover

At The Limits – The Property Imperative Weekly 27 Jul 2019 [Podcast]

The latest edition of our weekly finance and property news digest with a distinctively Australian flavour. Share this:EmailPrintTwitterFacebookLinkedInReddit

Listen