Emeritus Prof Christopher May on Nostr: We should be worried about the ever expanding use of #BuyNowPayLater services... A ...
We should be worried about the ever expanding use of #BuyNowPayLater services...
A new FCA report notes that those with the 'characteristics of vulnerability' are most likely to use BNPL & will often already have other high-interest loans in play, or be behind & missing regular bill payments.
BNPL is fine if you keep to the payment schedule, but the problem is its a hook into a rapacious & high-cost debt recovery system if you don't.
A decade ago a colleague wrote a great book on this...
Published at
2023-10-31 06:48:23Event JSON
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