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 0

February 01, 2020 00:30:19
Episode Cover

Black Swans Squared - The Property Imperative Weekly 1st February 2020 [Podcast]

The latest edition of our weekly finance and property news digest with a distinctively Australian flavour. Contents: 00:20 Introduction 00:40 US Markets 02:00 Coronavirus...

Listen

Episode

December 29, 2019 00:19:15
Episode Cover

A UK Perspective On Household Finance [Podcast]

The Bank of England just published an interesting report on household finances. There are some interesting parallels with Australia. https://www.bankofengland.co.uk/quarterly-bulletin/2019/2019-q4/the-financial-position-of-british-households Share this:EmailPrintTwitterFacebookLinkedInReddit

Listen

Episode 0

August 30, 2022 01:42:33
Episode Cover

DFA Live Q&A HD Replay Damien Klassen: Investing Now [Podcast]

This is an edited version of a live discussion about the current state of the markets with Damien Klassen, Head of Investments At Walk...

Listen