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

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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/

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