Re:'Buy now, pay later' is sending the TikTok generation spi...
by matnewton85 on Monday May 09, 2022 @08:33AM
(#31313302)
The Australian government does the same thing; and also permits BNPL.
BNPL has been thoroughly, thoroughly investigated by the Australian government because people have the same conclusion as the HNers here - 'they must be doing something wrong'
But if anyone does what I do, which is to look more deeply into the topic, they'll discover that this is actually the least predatory form of consumer debt (if not the least, close to it), and for this reason governments are content to continue with it.
BNPL has been thoroughly, thoroughly investigated by the Australian government because people have the same conclusion as the HNers here - 'they must be doing something wrong'
But if anyone does what I do, which is to look more deeply into the topic, they'll discover that this is actually the least predatory form of consumer debt (if not the least, close to it), and for this reason governments are content to continue with it.