There are many products in the market that are used to incentivize us, to make purchases whether we have the funds to do so or not. Credit cards are the big brother. The little plastic card that allows us to purchase a product and pay it off over time if so choose. Of course the card charges us interest if we don't pay it all off when the invoice comes in. I the old days there was lay away. You could have a product put on hold for you to purchase on another date when you had the funds saved up. Well there is a new trend starting to become a player in the industry. Buy Now, Pay later apps are almost universal now which allows you to make a purchase, and then pay it off over four easy installments interest free. Sounds great! But we are starting to see more and more of these debts go delinquent and the CFPB is taking notice.
Today the crew discusses the good, the bad and the ugly regarding Buy Now, Pay Later and it may surprise you where they stand
10/28/22 • 35 min
Life is Life! - The Rise of Buy Now, Pay Later
Transcript
Welcome to Talk Wealth to Me, a Safe Space podcast where we chat about anything and everything related to personal finance.
Speaker 1The Information contained in this podcast is for educational and entertainment purposes only. It does not constitute as accounting, legal, tax, or other professional advice.
Chase PeckhamHello everybody and welcome back. This w
Episode Comments
0.0
out of 5
No ratings yet
eg., What part of this podcast did you like? Ask a question to the host or other listeners...
Post
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/life-is-life-229242/the-rise-of-buy-now-pay-later-25904451"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to the rise of buy now, pay later on goodpods" style="width: 225px" /> </a>
Copy