Feds warn of dangers of buy now, pay later
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5 Buy Now Pay Later Examples From Top Brands
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269K views · 51 reactions | The booming industry of 'buy now, pay later' comes under new standards from tomorrow, with its own watchdog. Consumer groups say companies like Afterpay encourage a dangerous debt cycle and should feel the full force of credit laws instead of just an industry code. www.7NEWS.com.au #7NEWS | 7NEWS Adelaide | Facebook
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269K views · 51 reactions | The booming industry of 'buy now, pa…
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Buy now, pay later companies are wildly successful in part thanks to their slick marketing to younger generations. Check out some of their taglines: Afterpay: “Shop now. Pay better”, Affirm: “Pay at your own pace.”, Klarna: “Get financial breathing room. A third of US consumers who use a buy now, pay later option fall behind on one or more payments, which can trigger crazy interest of up to 30% along with late fees. | George Kamel
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Buy now, pay later companies are wildly successful in part thanks t…
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