Buy Now, Debt Later
Posted on: Fri 4 Jun 2021
Buy now, pay later services have been on the rise since Afterpay hit the market five years ago offering customers easy loans through their fortnightly payment systems, but are the seemingly simple and easy to use companies too good to be true?
These companies are currently unregulated under the National Credit Code and have largely targeted themselves at millennials.
Scott Phillips, the Chief Investment Officer at investment news and advice service Motley Fool Australia joined Breakfast’s Tom Mann and Paul Davies to tell us more about the benefits and advantages of these new ‘credit’ services.
Produced by Shannon Pearce