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A comment on The 'Buy Now, Pay Later' Bubble Is About to Burst. Parent comment

Re:The 'Buy Now, Pay Later' Bubble Is About to Burst by christkv on Friday January 13, 2023 @06:15AM (#34366321)
I think the argument is that its easy to get out of control and leave yourself exposed.

If you have discipline then I don't see any problems. I might behov the industry to be forced to do more stringent credit checks before allowing it either by law or regulation.

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Re:The 'Buy Now, Pay Later' Bubble Is About to Burst by Dalewyn on Friday January 13, 2023 @06:31AM (#34366424)
I have no sympathy for adults (important distinction!) who have no discipline with their finances. They aren't children who literally don't know better.

Those who do have financial discipline should not be inhibited for the sake of those who do not.

Besides, /most/ cases of financial ruin aren't literal death. They are generally just very expensive and horrible-to-go-through life lessons.

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Re:The 'Buy Now, Pay Later' Bubble Is About to Burst by christkv on Friday January 13, 2023 @09:16AM (#34368012)
Sure but regulations are the to avoid them creating systemic risk by lending to dead beats.
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