Posted by SAFCA
on 11 January 2021
Buy now, pay later just another form of credit
WANT that holiday but don't have the money in your pocket? Want that new furniture, or pair of jeans, but your bank balance is looking a bit shaky?
In days gone by, many people turned to credit cards, complete with exorbitant interest rates. But not any more.
Enter the new kid on the block: Buy Now, Pay Later, with its catchcry of "no interest ever".
A recent ASIC report into the BNPL sector found there we...