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

August 30, 2024 00:43:53
Episode Cover

Putting People First: With Senator Gerard Rennick

I caught up with Queensland Senator Gerard Rennick, who this past week announced a switch to become an independent, with a view to Putting...

Listen

Episode 0

August 19, 2020 01:30:43
Episode Cover

DFA Live Q&A HQ Replay - Household Financial Confidence Update [Podcast]

An edited version of our latest live stream event. The original version, with live chat replay is also available here: https://youtu.be/tQB9F3BpkEE

Listen

Episode

May 07, 2024 01:41:03
Episode Cover

DFA Live Q&A Replay: Latest On Household And Post Code Financial Pressure

This is an edited version of a live discussion, as we looked at the latest data on mortgage and rental stress, and many other...

Listen